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Calculating Costs of Issuing Stock TriState Corp

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Calculating Costs of Issuing Stock TriState Corp.recently went public with an initial public offering in which they received a total of $50 million in new capital funding.The underwriter used a firm commitment offering in which the offer price was $30 and the underwriter's spread was $1.50.TriState also paid legal and other administrative costs of $950,000 for the IPO.What is the number of shares issued through this IPO?

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Definitions:

Physical Examination

An evaluation conducted by a healthcare provider where the patient's body is physically examined to assess their general heath, detect possible diseases, and determine a course of treatment; it's a reiteration of a physical assessment with a focus on the systematic process.

Vital Signs

Measurements of the body's basic functions, such as temperature, pulse, respiration rate, and blood pressure.

Nociception

The sensory nervous system's process of detecting and transmitting information about stimuli that may cause damage or potential harm to the body.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

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