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A corporation wants to conduct an IPO and become publicly traded. The company wants to sell 1 0 million shares at a price of $
A corporation wants to conduct an IPO and become publicly traded. The company wants to sell million shares at a price of $ per share. An investment bank agrees to underwrite the issue using a best efforts offering. The bank concludes that they can sell million shares at a price of $ per share. In addition, the investment bank charges $ per share in commission. What is the profit to the investment bank from this transaction?
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$ million
$ million
$ million
$ million
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