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An underwriter signs a best-effort contract with a firm to sell 1 million of its shares at $35 each, including a $3 spread. How much
An underwriter signs a best-effort contract with a firm to sell 1 million of its shares at $35 each, including a $3 spread. How much does the issuing firm receive if 0.8 million shares are sold? $28,000,000. $30,000,000. $32,000,000. $35,000,000. $25,600,000.
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