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An investment bank pays $24.80 per share for 3,130,000 shares of the KDO company. It then sells these shares to the public for $26. A.

An investment bank pays $24.80 per share for 3,130,000 shares of the KDO company. It then sells these shares to the public for $26.

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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