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An investment barker agrees to underwrite an issue of 20 milion shares of stock floe Murray Construction Corp. on a firm commitment basis. The investment

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An investment barker agrees to underwrite an issue of 20 milion shares of stock floe Murray Construction Corp. on a firm commitment basis. The investment banker pays $15.50 pet share to Murroy Construction Corp. for the 20 melion shares of stock. If then sels those shares to the publio for $16.35 per share. How much money does Murtay Construction Corp receive? What is the proft to the irvestment banken? (4.5 marks) B) (4.5 marks)

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