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The MEP company has issued 5 , 1 9 0 , 0 0 0 new shares. Its investment bank agrees to underwrite these shares on
The MEP company has issued new shares. Its investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell shares for $ per share. It charges MEP $ per share sold.
a How much money does MEP receive? Do not round intermediate calculations. Enter your answer in dollars, not in millions.
b What is the investment bank's profit? Enter your answer in dollars, not in millions.
c What is the stock price of MEP? Enter your answer in dollars, not in millions.
tableaAmount received by MEPbInvestment bank's profitcStock price of MEP
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