Walton and Company is the managing investment banker for a major new underwriting. The price of the stock to the investment banker is
a. If Walton and Company sells its shares to the dealer group, what will the percentage return be?
b. If Walton and Company performs the dealer’s function also and sells to brokers, what will the percentage return be?
c. If Walton and Company fully integrates its operation and sells directly to the public, what will its percentage return be?
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FOUND.OF FINANCIAL MANAGEMENT-ACCESS
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