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A company conducted its initial public offering (IPO) of common stock. In the primary trading market the company's shares were priced at $55.50 per share,

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A company conducted its initial public offering (IPO) of common stock. In the primary trading market the company's shares were priced at $55.50 per share, but after one day of trading, the share price closed at $59.25. The company sold 3,000,000 shares. If an investor bought the stock on the first day and sold it at the close of the second day, what would be that investor's return? How much more money could the company have earned if the stock had not been underpriced? 6.76%;$1.13 million 8.24\%; \$1.13 million 6.6%;$1.88 million 8.24\%; \$1.88 million

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