Multiple Choice
If the firm commitment price is $15 and one million shares are sold in the primary market for $15.50 and then resold in the secondary market for $15.75,what is the underwriter's profit/loss?
A) -$500,000.
B) $500,000.
C) $750,000.
D) -$750,000.
Correct Answer:
Verified
Correct Answer:
Verified
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