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Business, 22.04.2020 02:43 goosenar

XYZ, Inc., has issued 11 million new shares of stock. An investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 8.8 million shares for $31 per share, and it charges XYZ $0.695 per share sold. a.How much money does XYZ receive after commission

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