How much money does xyz receive

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XYZ, Inc. has issued 10 million new shares of stock. An investment bank agrees to underwrite lhese shares on a best efforts basis. The investment bank is able to sell 8-9 million shares for $32 per share, and it Charges XYZ $0700 per share sold.

a. How much money does XYZ receive? [Enter your answer in dollars, not in millions. Do not round intermediate calculations}

b. What is the pro?t to the investment bank? {Enter your answer in dollars, not in millions. Do not round intermediate calculations.)

c. What is the stock price of XYZ? {Enter your answer in dollars. not in millions}

Reference no: EM133120177

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