XYZ, Inc. has issued 10 million new shares of stock. An investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 8.4 million shares for $27 per share, and it charges XYZ $0.675 per share sold. How much money does XYZ receive? What is the profit or loss to the investment bank? What is the stock price of XYZ? Suppose, instead, that the investment bank agrees to underwrite the 10 million shares at the price of $27 on a firm commitment basis. The investment bank then sells those shares to the public for $25.50 per share. How much money does XYZ receive? What is the profit or loss to the investment bank? What is the stock price of XYZ?