ML Underwriters paid an issuer $38,149,650 as IPO proceeds. The IPO offered 1.86 million shares of which 1.835 million were sold at an offer price of $22 a share. The underwriting spread was 5.5 percent. What type of underwriting was this? firm commitment. plain vanilla. variable. stand-by. best efforts. You are buying 200 shares of Never Buy Co. stock on the margin at a price of $55. Your broker requires you to deposit $6,500. What is the initial margin requirement in percentage? 50%. 65%. 41%. 35%. 59%. Lucky Smart historically has had a P/E ratio of 21 . This ratio is considered a good estimate of the future ratio. The firm currently has EPS of $1.50. These earnings are expected to increase by 8% next year. What is the expected price of this stock one year from now? Cannot be determined. $22. $34. $35.64. $30.56