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2 weeks ago
In its IPO, Jillian's Imprints, a small publishing house, offered stock at a price of $8.00 per share. The underwriters of this IPO had a spread of 6.5% per share. If 2 million shares were sold, what funds did Jillian's receive from the IPO?

▸ $5.21 million

▸ $16.00 million

▸ $14.96 million

▸ $17.04 million
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
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$14.96 million
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