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7. An investment bank pays $ 20.50 per share for 3 million shares of X. It then sells these shares to the public for $
7. An investment bank pays $ 20.50 per share for 3 million shares of X. It then sells these shares to the public for $ 22.50 per share. How much money does X receive ? What is the profit to the investment bank ? What is the stock price of X ?
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