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The underwriters spread is 7 what were the proceeds for the

A firm is making an initial public offering. The investment bankers agree to a firm underwriting commitment for 500,000 shares that would be priced to the public at $36 a share. The underwriter's spread is 7%. What were the proceeds for the issuer and the underwriter?

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Finance Basics: The underwriters spread is 7 what were the proceeds for the

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