A company is doing a share offering underwritten by an investment bank. The company plans to issue 650,000 shares at a market price of $23.7 per share. The investment bank offers stand-by underwriting at a fee of 6% of the total amount raised.

a) If the company receives subscriptions for 100% of the total shares offered, calculate how much the company would receive from the IPO. (Round your answer to the nearest dollar. Do not include the $ symbol. Do not use comma separators. E.g. 123456)

Answer

b) If the company only receives subscriptions for 95.5% of the total shares offered, calculate how much the company would receive from the IPO. (Round your answer to the nearest dollar. Do not include the $ symbol. Do not use comma separators. E.g. 123456)

Answer

c) If the company only receives subscriptions for 95.5% of the total shares offered, calculate how much the investment bank would receive from the IPO. (Round your answer to the nearest dollar. Do not include the $ symbol. Do not use comma separators. E.g. 123456)

Answer