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Question
If the firm commitment price is $15 and one million shares are sold in the primary market for $15.50 and then resold in the secondary market for $15.75, what is the underwriter's profit/loss?
A. -$500,000.
B. $500,000.
C. $750,000.
D. -$750,000.
E. 0
Answer
This answer is hidden. It contains 36 characters.
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