An investment bank pays $33.90 per share for 4.4 million shares of GM Company in a firm commitment stock offering. It then can sell those shares to the public for $32 per share.

a.	How much money does GM receive? (Enter your answer in dollars not in millions.)

Amount received by GM

$

b.	What is the profit to the investment bank? (Enter your answer in dollars not in millions. Negative amount should be indicated by a minus sign. Do not round intermediate calculations.)

Profit to the investment bank

$

c.	What is the stock price of GM?

Stock price of GM

$