Question 2: IPO proceeds and underpricing On September of 2019, Peloton Inc. completed its IPO at Nasdaq. Peloton sold 40 million shares at an offer price of $29.00 per share. The closing price on the first day of trading in the secondary market was $37.98. (5 marks) a. Calculate the gross proceeds for Peloton's IPO. b. The bank leading the IPO charged Peloton 5% commission fee. What were the net proceeds to the company considering this discount? c. Calculate Pelotons's IPO underpricing. d. Calculate the money left on the table for Pelotons's IPO. e. Today the stock is trading at $118.43. Suppose you bought the stock at the first day of trading in the secondary market for $37.98 and sold it today for $118.43. What would be your percentage return in this transaction (holding period return)