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Your investment bankers price your 1PO at $14.68 per share for 9.6 million shares. If the price at the end of the first day of

Your investment bankers price your 1PO at $14.68 per share for 9.6 million shares. If the price at the end of the first day of trading is $16.55 per ahare. a. What was the percentage return on the first day of trading? b. How much money did the firm miss out on due to underpricing? Your investment barkers price your IPO at $14.68 per share for 0.6 millon shares. If the price at the end of the frst day of trading is $16.55 per ahare, a. What was the percentage return on the first day of trading? b. How much money did the firm miss out on due to underpricing

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