Part $1$

Attempt $\frac{1}{10}$ for $10$ pts$.$

Assume that the investment bank acts on a firm commitment basis. The bank

buys the shares at $$83\mathrm{.}18$ each from the company and is then able to sell them to

the public for $$82\mathrm{.}66$ each. How much does the company receive $($in $ million$)?$

Part $2$

Using the same assumptions, what is the investment bank's profit $($in $ million$)?$

Part $3$

Assume now that the investment bank acts on a best efforts basis. The bank

manages to sell $137$ million shares at $$83\mathrm{.}18$ each and charges the company

$$0\mathrm{.}557$ per share sold. How much does the company receive $($in $ million$)?$

Part $4$

Using the same assumptions, what is the investment bank's profit $($in $ million$)?$