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Charlie Ltd recently completed a seasoned equity offering (SEO) where the underw...

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Charlie Ltd recently completed a seasoned equity offering (SEO) where the underwriters charged 9% fees. The shares were offered at a price of $14.25 per share and at close of business on the first day of trading, the shares were trading at $16.00. How much money did the company receive if 5 million shares were sold but 4 million was part of the primary offer?

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