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An investment bank pays $24.50 per share for 3,100,000 shares of the KDO company. It then sells these shares to the public for $27.
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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