Lead Investment Banking Corp.is the lead underwriter for the equity issuance of NewCorp.Lead is responsible for 80% of the issue at a discount of $1.70 per share.If Lead is responsible for selling 1,300,000 shares then what is the total compensation to the underwriting syndicate?
A) $1,768,000
B) $2,210,000
C) $2,762,500
D) none of the above
Correct Answer:
Verified
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