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Midas and Company is the managing investment dealer for a major new underwriting. The price of the stock to the managing investment dealer is $15

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Midas and Company is the managing investment dealer for a major new underwriting. The price of the stock to the managing investment dealer is $15 per share. Other syndicate members may buy at $15.25. The price to the selected dealer group is $15.60, with a price to the brokers of $16.00. The price to the public is $16.50. a. If Midas and Company sells its shares to the dealer group, what will its percentage return be? b. If Midas and Company performs the dealers' function also and sells to brokers, what will its percentage return be? c. If Midas and Company fully integrates its operation and sells directly to the public, what will its percentage return be

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