Question: Answer will be scanned, thumb down for plagiarism. 4. An investment bank pays $33 per share for 4 million shares of GM in a firm

Answer will be scanned, thumb down for plagiarism. 4. An investment

Answer will be scanned, thumb down for plagiarism.

4. An investment bank pays $33 per share for 4 million shares of GM in a firm commitment stock offering. It then can sell those shares to the public for $32 per share. How much money does GM receive? What is the profit to the investment bank? What is the stock price of GM

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