Question
An investment bank pays $24.70 per share for 3,120,000 shares of the KDO company. It then sells these shares to the public for $26. a.
| An investment bank pays $24.70 per share for 3,120,000 shares of the KDO company. It then sells these shares to the public for $26. |
| 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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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
