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PFG, Inc. has issued 7.5 million new shares of stock. Aninvestment bank agrees to underwrite these shares on a firmcommitment basis. The investment bank pays

PFG, Inc. has issued 7.5 million new shares of stock. Aninvestment bank agrees to underwrite these shares on a firmcommitment basis. The investment bank pays $65 per share, and itsets the IPO price 2 answers

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