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23. Bank 1, with $130 million in assets and $20 million in cost, acquires Bank 2, which has $50 million in assets and $10
23. Bank 1, with $130 million in assets and $20 million in cost, acquires Bank 2, which has $50 million in assets and $10 million in costs. After the acquisition, the bank has $180 million in assets and $35 million in costs. Did this acquisition produce economies of scale or economies of scope? Explain? (4 point) 24. An investment bank pays $24.50 per share for 3,000,000 shares of XYZ Company. It then sells these shares to public for $26. How much money does XYZ Company receive? What is the investment banker's profit? What is the stack
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