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Trump Card Company will issue stock at a retail (public) price of $32. The company will receive $29.20 per share. a. What is the
Trump Card Company will issue stock at a retail (public) price of $32. The company will receive $29.20 per share. a. What is the spread on the issue in percentage terms? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Spread 8.75 % b. If the firm demands receiving a new price only $2.20 below the public price suggested in part a, what will the spread be in percentage terms? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Spread % c. To hold the spread down to 2.5 percent based on the public price in part a, what net amount should Trump Card Company receive? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Net amount to be received per share
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