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An investment bank pays 3350 per share for 4 million shares

Question: An investment bank pays $33.50 per share for 4 million shares of GM Company in a firm commitment stock offering. It then can sell those shares to the public for $32 per 1share. How much money does GM receive? What is the profit to the investment bank? What is the stock price of GM?

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Finance Basics: An investment bank pays 3350 per share for 4 million shares

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Finance Basics: An investment bank pays 3350 per share for 4 million shares

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