The Drop Downs are: Will or Will Not

grants a 15 percent overallotment option to the underwriter. The underwriter issues shares that are backed by the entire overallotment option but has not the an answer of $1.23 million should be entered as 1.23 , not 1,230,000. Do not round intermediate calculations. Round your answer to two decimal places. If the stock price increases to $22.00 in the secondary market, the underwriter exercise its option and the underwriter profit will be $ an answer of $1.23 million should be entered as 1.23 , not 1,230,000. Do not round intermediate calculations. Round your answer to two decimal places. If the stock price decreases to $12.00 in the secondary market, the underwriter exercise its option and the underwriter profit will be $ million