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Effectus [21]
3 years ago
7

An investment banker agrees to a firm commitment offering of two million shares of Ace stock. The offer price is set at $55 and

the spread is 50 cents per share. If the stock is actually sold to the public at $53.80, however, what is the investment banker's gain or loss?
Business
1 answer:
balandron [24]3 years ago
8 0

Answer:

loss of $ 1,400,000.00

Explanation:

Amount of share : two million:

offer price per share: $55

selling price per share: $53.80

Loss per share: $1.20

Total loss= $1.2X2,000,000= ($2,400.000.00)

Earning from spread: 0.5x2,000,000.00 =$1,000.000.00

Net earning: (2,400,000.00)+$1,000,000.00=($ 1,400,000.00)

loss of $ 1,400,000.00

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Answer:

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3 years ago
Which of the following statements is the most correct in relation to time spent by coaches and time spent by sport instructors?
Anna71 [15]

Answer:

The correct option here is A) instructors spend more time on instruction than they spend on supplemental responsibilities.

Explanation:

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3 years ago
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OverLord2011 [107]

Answer:

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Explanation:

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4 0
3 years ago
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marta [7]

Answer:

If the company is going to use the machine for 20 days, it is cheaper to lease it.

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