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Your investment bankers price your IPO at $15.24 per share for 9.9 million shares. If the price at the end of the first day of

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Your investment bankers price your IPO at $15.24 per share for 9.9 million shares. If the price at the end of the first day of trading is $17.01 per share, a. what was the percentage underpricing? b. how much money did the firm miss out on due to underpricing? S a. what was the percentage underpricing? G As a percent of the offering price, the underpricing is %. (Round to one decimal place.) b. how much money did the firm miss out on due to underpricing? The forgone money will be $ million. (Round to one decimal place.) N

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