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Question
Sampson Corporation, through its investment banker, First Ohio Securities, recently sold 200,000 shares of common stock to the public, grossing $7.4 million. Issuing expenses paid by Sampson totaled $200,000, and the underwriter's spread was $3 per share. How much net financing did Sampson Corporation raise in the deal?a. $6.6 million
b. $7.2 million
c. $6.4 million
d. $7.0 million
e. $6.8 million
Answer
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