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FPL FPL AT&T & AT&T X XFinity CB Comcast HotWire Atlantic Broadband Question 3 12.5 pts Facebook CEO Mark Zuckerberg recently announced that it would

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FPL FPL AT&T & AT&T X XFinity CB Comcast HotWire Atlantic Broadband Question 3 12.5 pts Facebook CEO Mark Zuckerberg recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sachs will be the lead underwriters. When Facebook was choosing underwriters, they were made varying promises, depending on the health of the stock market at the time of the IPO. If Morgan Stanley told Facebook that it could raise $60b, $40b, and $20b if the market were strong, flat, or weak, JPMorgan Chase said that it could raise $80b, 50b, and $15b, respectively, Goldman Sachs said that it could raise $100b, $50b, and $5b, respectively, and analysts predict that there is a 40% chance the markets will be strong, a 40% chance the markets will be flat, and a 20% chance the markets will be weak, based on expected value which investment bank should Mark Zuckerberg choose? O JPMorgan Chase or Morgan Stanley O JPMorgan Chase O Goldman Sachs O Morgan Stanley O JPMorgan Chase or Goldman Sachs

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