XYZ, Inc., has issued 12 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 9.5 million shares for $30 per share, and it charges XYZ $0.690 per share sold.

a.	How much money does XYZ receive after commission? (Enter your answer in dollars not in millions. Do not round intermediate calculations.)

Net proceeds after commission

$

b.	What is the profit to the investment bank? (Enter your answer in dollars not in millions. Do not round intermediate calculations.)

Profit to the investment bank

$

c.	What is the stock price of XYZ?

Stock price of XYZ

$