Question
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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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
