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Most initial public offerings (IPOs) give an investment bank an 'overallotment' option.Explain why it is used and how it works for a company issuing 40

Most initial public offerings (IPOs) give an investment bank an 'overallotment' option.Explain why it is used and how it works for a company issuing 40 million shares at $20 per share.Will the bank profit if the share price rises or falls?Explain.

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