a) Go High IB was contracted to manage the IPO process for Stat Tech Limited. Based on the contractual agreement, Go High IB will receive a gross spread of 2.5%. The equity offering is 8 million shares at $50/share with a greenshoe option of 15% fully exercised. Following the successful IPO, the stock was listed on the exchange for $51/per share. Use the greenshoe to determine the funds Go High IB will receive from this engagement. What amount will Stat Tech receive? (5 Marks) b) The greenshoe option is implemented using short sales, which can be risky. Based on this, why have regulators allowed the use of the greenshoe option when investment banks are contracted to manage an IPO and who are the beneficiaries (2 Marks)