How much money does CZS receive

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An investment bank pays $32 per share for 3.0 thousand shares of CZS Company in a firm commitment stock offering. It then can sell those shares to the public for $35 per share. A. How much money does CZS receive? B. What is the profit to the investment bank? C. What is the listed stock price? D. Another investment bank offers to handle the stock issue on a best efforts basis. The investment bank is able to sell 2,700 shares for $39 per share, and it charges CZS $6 per share sold. How much money does CZS receive? E. What is the profit to the investment bank? F. What is the listed stock price? G. Would CZS prefer the firm commitment or the best efforts?

Reference no: EM13814618

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