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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 $21
Midas and Company is the managing investment dealer for a major new underwriting. The price of the stock to the managing investment dealer is $21 per share. Other syndicate members may buy at $21.30. The price to the selected dealer group is $21.80, with a price to the brokers of $26.20. The price to the public is $26.50. (Do not round the intermediate calculations. Round the final answers to 2 decimal places.) a. If Midas and Company sells its shares to the dealer group, what will be its percentage return? Return \% b. If Midas and Company performs the dealers' function also and sells to brokers, what will be its percentage return? Return % c. If Midas and Company fully integrates its operation and sells directly to the public, what will be its percentage return? Return %
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