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An investment bank pays $24.20 per share for 3,070,000 shares of the KDO company. It then sells these shares to the public for $25. a.

An investment bank pays $24.20 per share for 3,070,000 shares of the KDO company. It then sells these shares to the public for $25.

a. How much money does KDO receive?

b. What is the investment bankers profit?

c. What is the stock price of KDO?

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