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What profit or loss will the investment banker realize

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An investment banker recently handled a new stock issue for McTam Company.   The terms were: $13 price to public, 20 million shares, and proceeds to McTam $250 million. The investment banker incurred expenses of $5 million and McTam incurred expenses of $2 million. What profit or loss will the investment banker realize if the issue is sold to the public at $13 per share.

Reference no: EM131518812

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