Firm has hired Underwriter to underwrite their IPO. Underwriter and Firm agree to a Firm Commitment IPO and to issue 500 million shares at $20 per share. Firm agrees to pay a 6.65% spread to Underwriter. The market is less than enthusiastic about the issue and the Underwriter is forced to lower the price, and the entire 500 million issue is sold at an average price of $17.50 per share. What was the profit (loss) of the Underwriter during the issue? $80 million loss 5585 million gain O $80 million gain $585 million loss Your firm has revenues of $650 million and earnings of 580 million. You'd like to determine the value of your stock by looking at comparable firms before going public. You gather information for the following forms: What is the range estimate of the Po if you intend to have 100 million shares outstanding after the IPO7 Firm Stock Price Shares Revenues Earnings Outstanding 532 250M $1.68 S500M B 568 SOM $0.98 $150M C $11 900M $2.38 5800 D $120 6OM $1,48 5500M $19.54.524.65 513.09 - $26.62