Question
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.
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 bankers profit? |
| Investment bankers profit | $ |
| c. | What is the stock price of KDO? |
| Stock price of KDO | $ |
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Beer Business Finance
Authors: Kary R Shumway
1st Edition
1090833741, 978-1090833747
