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Your investment bankers price your IPO at $15 per share for 10 million shares. If the price at the end of the first day of

Your investment bankers price your IPO at $15 per share for 10 million shares. If the price at the end of the first day of trading is $17 per share,

a.What was the percentage of underpricing.

b.How much money did the firm miss out on due to underpricing?

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