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Question
Alco Metals just sold 2.5 million shares through an IPO offering. The shares were offered at $25.50 a share and all shares were sold. The firm received a total of $67,250,000 for this issue. What was the spread?A. 5.49 percent
B. 6.25 percent
C. 6.40 percent
D. 7.00 percent
E. 7.20 percent
Answer
This answer is hidden. It contains 54 characters.
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