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Walton and Company is the managing investment banker for a major new underwriting. The price of the stock to the investment banker is $ 2

Walton and Company is the managing investment banker for a major new underwriting. The price of the stock to the investment banker is $20 per share. Other syndicate members may buy the stock for $21.25. The price to the selected dealers group is $21.80, with a price to brokers of $23.20. Finally, the price to the public is $25.50.
If Walton and Company sells its shares to the dealers group, what will the percentage return be?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
If Walton and Company performs the dealers function also and sells to brokers, what will the percentage return be?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
If Walton and Company fully integrates its operation and sells directly to the public, what will its percentage return be?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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