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Suppose Investment Bank 2 decides to underwrite a $5,000,000, 10 year, 8% semi- annual bond issue for Tech Company on a firm commitment basis. Investment

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Suppose Investment Bank 2 decides to underwrite a $5,000,000, 10 year, 8% semi- annual bond issue for Tech Company on a firm commitment basis. Investment Bank 2 pays Tech Company $5,000,000 today, and they plan to issue the bonds tomorrow. If the interest rate is 34 basis points higher tomorrow, then what is Investment Bank 2's profit from this transaction? O - $68,362.84 O - $112,342.52 0 - $113, 798.15 0 - $12,563,801.29

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