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An underwriter signs a best-effort contract with a firm to sell 1 million of its shares at $25 each, including a $2 spread. How much

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An underwriter signs a best-effort contract with a firm to sell 1 million of its shares at $25 each, including a $2 spread. How much does the issuing firm receive if 0.8 million shares are sold? Multiple Choice $23,000,000 $2,000,000 $20,000,000. \$18 Ann An

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