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Business, 01.12.2021 03:20 dalton200166

An investment bank agrees to underwrite an issue of 15 million shares of stock for Looney Landscaping Corporation. a. The investment bank underwrites the stock on a firm commitment basis, and agrees to pay $12.50 per share to Looney Landscaping Corporation for the 15 million shares of stock. The investment bank then sells those shares to the public for $13.25 per share. How much money does Looney Landscaping Corporation receive

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