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What is the profit to the investment banker


Problem: An investment banker pays $23.50 per share for 4,000,000 shares of JNC Company. It sells those shares to the public for $25 per share.

a) How much money does JNC receive?

b) What is the profit to the investment banker?

c) What is the stock price of JNC?

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Finance Basics: What is the profit to the investment banker
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