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An investment bank agrees to pay $26.75 for 5 million shares of a company in a firm commitment stock offer­ing. It then can sell those shares to the public for $25.50 per share. What is the profit to the
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An investment bank agrees to pay $26.75 for 5 million shares of a company in a firm commitment stock offer­ing. It then can sell those shares to the public for $25.50 per share. What is the profit to the investment bank?

User Derick
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Answer: The answer is $1.25 profit

Step-by-step explanation:

The investment bank makes $1.25 profit per share. In which if all the shares are sold the revenue is $6,250,000.

User Sameera Jayasoma
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