Problem: A company is the managing investment banker for a major under writing.the price of the stock to the investment is $18 per share, other members may buy the stock for $18.25 the price to the selected dealer group is $18.80, price to a broker of $19.20, price to the public $19.50.
a) if the company sells the shares to the group, what is the percentage of return?
B) if it's sell to the broker, what is the percentage of return?
c) if the company fully integrates its operations and sell directly to the public, what is the percentage of return?