An online medicaladvice company just completed an ipo with an investment bank on a firm-commitment basis. the firm issued 5 million shares of common stock, and the underwriting fees were $2.10 per share. the offering price was $27.90 per share. what were the total proceeds from the common-stock sale?

The total proceeds from the common-stock sale amounts to $139,500,000

Explanation:

The aggregate proceeds from the sale of common stock is computed as:

Total proceeds from sale of common stock = Number of shares issued × Offer Price per share

where

Number of shares issued is 5 million that is 5,000,000

Offer Price per share is $27.90

By putting the values in the above formula:

= 5,000,000 × $27.90

= $139,500,000

better off having an absolute

answer; (cash) is the best out of the above; good luck