Calculate the gross profit that an underwriter would make if it sold $10 million worth of bonds

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Calculate the gross profit that an underwriter would make if it sold $10 million worth of bonds at par (face value) and paid the firm that sold the bonds 99.25% of par.

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Financial Institutions, Markets and Money

ISBN: 978-1119330363

12th edition

Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

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Question Posted: Sep 27, 2018 01:38 PM

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Calculate the gross profit that an underwriter would make if it sold $10 million worth of bonds

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Financial Institutions, Markets and Money

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