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Business, 01.12.2021 03:10 lesliealvarado1022

XYZ Incorporated has issued 10 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 8.4 million shares for $27 per share, and it charges XYZ $0.675 per share sold. a. How much money does XYZ receive

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