Arbuckle Corporation is selling two million shares of common stock in its initial public offering (IPO). The company?s investment banker, Jones Securities, will offer the stock to the public at $15 per share and charge Arbuckle Corporation an underwriting spread of 7 percent. What will be the gross proceeds from the IPO? What will be Arbuckle Corporation?s net proceeds from the offering? How much will Jones Securities earn for conducting the offering?