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Liberation Sans 29 wrap General BUV Merge & Center $ % 1 00 Conditie Format Investment Banking: Cranjet Inc. is issuing 10,00
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Answer #1

a. Underwriting spread for this issue = $10,150,000 – ($985 x 10,000) = $300,000

b. Percentage underwriting cost = $30/$985 = 3.05 percent

c. Cranjet raise = $985 x 10,000 = $9,850,000

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