An investment bank pays $34.60 per share for 4.1 million shares of GM Company in a firm commitment stock offering. It then can sell those shares to the public for $33 per share.
a. How much money does GM receive? (Enter your answer in dollars not in millions.) Amount received by GM $
b. What is the profit to the investment bank? (Enter your answer in dollars not in millions. Negative amount should be indicated by a minus sign. Do not round intermediate calculations.) Profit to the investment bank $
c. What is the stock price of GM? Stock price of GM $