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Abu Dhabi investment bank agrees to underwrite an issue of 10 million shares of stock for Aramex on a best-efforts basis. Abu Dhabi investment bank

Abu Dhabi investment bank agrees to underwrite an issue of 10 million shares of stock for Aramex on a best-efforts basis.

Abu Dhabi investment bank is able to sell 8 million shares for AED10.50 per share, and it charges Aramex AED 0.225 per share sold. How much money does Aramex receive?

	a.	AED 82,200,000.
	b.	AED 84,000,000.
	c.	AED 110,000,000.
	d.	AED 76,200,000.
	e.	AED 15,000,000.

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