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MrBio23 MrBio23
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2 months ago
Montreal Dealers Inc. (MD), a Canadian underwriting firm, has just underwritten an issue by PublicDomaine.com, and the total proceeds of the issue are $15 million. MD charges an underwriting fee of 4 percent. MD bought the 1,000,000 shares from PublicDomaine for $12 and sold them to the public for $15 each. What is the total compensation MD obtained?

▸ $3.6 million

▸ $2.6 million

▸ $0.6 million

▸ $3.52 million
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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madizmmadizm
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2 months ago
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