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The MEP company has issued 5,010,000 new shares. Its investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is

The MEP company has issued 5,010,000 new shares. Its investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 4,210,000 shares for $55 per share. It charges MEP $1.30 per share sold.

How much money does MEP receive?

What is the investment banks profit?

What is the stock price of MEP?

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