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Your investment bankers price your IPO at $15.12 per share for 10.6 million shares. If the price at the end of the first day of

Your investment bankers price your IPO at $15.12 per share for 10.6 million shares. If the price at the end of the first day of trading is $16.97 per share,

a. what was the percentage underpricing?

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

a. what was the percentage underpricing?

As a percent of the offering price, the underpricing is ??%. (Round to one decimal place.)

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