Chen brothers inc sold 2 million shares in its ipo at a


Question: Chen Brothers Inc. sold 2 million shares in its? IPO, at a price of $17.50 per share. Management negotiated a fee? (the underwriting? spread) of 9% on this transaction. What was the dollar cost of this fee? The total fee cost was ____ million (Round 2 decimal places)

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Finance Basics: Chen brothers inc sold 2 million shares in its ipo at a
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