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The MEP company has issued 5,130,000 new shares. Its investment bank agrees to underwrite these...

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Accounting

The MEP company has issued 5,130,000 new shares. Its investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 4,330,000 shares for $56 per share. It charges MEP $1.25 per share sold.
a. How much money does MEP receive? (Do not round intermediate calculations. Enter your answer in dollars, not in millions.)
b. What is the investment bank's profit? (Enter your answer in dollars, not in millions.)
c. What is the stock price of MEP? (Enter your answer in dollars, not in millions.)
\table[[],[a.,Amount received by MEP],[b.,Investment bank's profit],[c.,Stock price of MEP]]
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