An investment bank pays 2390 per share for 3040000 shares, Financial Management

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An investment bank pays 2390 per share for 3040000 shares

An investment bank pays $23.90 per share for 3,040,000 shares of the KDO company. It then sells these shares to the public for $25.

a. How much money does KDO receive?

Amount received by KDO $

b. What is the investment banker’s profit?

Investment banker’s profit $

c. What is the stock price of KDO?

Stock price of KDO $

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Financial Management: An investment bank pays 2390 per share for 3040000 shares

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Financial Management: An investment bank pays 2390 per share for 3040000 shares

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