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A company needs to raise $650 million (this is the net amount required by the company) from a share offering. The underwriter provides best-effort underwriting

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A company needs to raise $650 million (this is the net amount required by the company) from a share offering. The underwriter provides best-effort underwriting and charges 5.5% on the total amount to be raised. a) Calculate the total amount that needs to be raised in the share offering. Round your answer to the nearest 0.01 million. (1 mark) b) if the share offering is successful, how much money would the underwriter get? Round your answer to the nearest 0.01 million. (1 mark) c) If the share offering is not successful and the company only receives subscription for 97% of the total shares. How much money would the company receive from the share offering under a best-effort agreement? Round your answer to the nearest 0.01 million. (1 mark) d) If the share offering is not successful and the company only receives subscription for 97% of the total shares How much money would the underwriter receive from the share offering under a best-effort agreement? Round your answer to the nearest 0.01 million. (1 mark)

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