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Question 22 12 pts University Medical Corp. needs to raise $83 million in an equity issuance. University Medical Corp's current stock price is $120. The

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Question 22 12 pts University Medical Corp. needs to raise $83 million in an equity issuance. University Medical Corp's current stock price is $120. The underwriter, Goldman Sachs, advises underpricing the issue 4%. The underwriters require a spread of $1.00 per share. a. How much will University Medical Corp.net from each share? (6 pts.) b. What will Goldman Sachs earn as total underwriting spread when University Medical Corp.reaches its goal to raise $83 million in equity? (6 pts.)

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