Updates are read Score: 0 of 1 pt 7 of 10 ( complete) HW Score: 57.5%, 5.75 of 10 pts P15-13 (similar to) Question Help Firm commitment versus best efforts. Astro Investment Bank offers Lunar Vacations the following options on its initial public sale of equity: (a) a best efforts arrangement whereby Astro will keep 24% of the retail sales or (b) a firm commitment arrangemont of $9,600,000. Lunar plans on offering 1,000,000 shares at $11.91 per share to the public. If it sells 100% of the shares, which is the better choice for Lunar Vacutioris? Which is the better choice for Astro Investment Bank? Under the best efforts arrangement, what are the proceeds for Lunar Vacations? (Round to the nearest dollar) ts ler MEWG le ale RADOX TION G THE URY WITHAR TINTHI Enter your answer in the answer box and then click Check Antwer HOLOGIC CA Check 5 Part remaining BE