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D & B's is planning a new share issue. The shares will be issued to the public at a price of $25.00 and Floormart will

D & B's is planning a new share issue. The shares will be issued to the public at a price of

$25.00 and Floormart will receive proceeds of $24 for each share.

a.What is the percentage underwriting spread?

b.What rate of return will the investment dealers realize?

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