What is the profit to the investment banker if it is able to sell 8 million shares for $10.50 per share?
A) Profit of $1,000,000.
B) Loss of $7,500,000.
C) Profit of $7,000,000.
D) Loss of $7,000,000.
E) Profit of $1,800,000. [Refer to: 4-112]
Correct Answer:
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