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An investment bank pays $24.90 per share for 3,140,000 shares of the KDO company. It then sells these shares to the public for $27. a.

An investment bank pays $24.90 per share for 3,140,000 shares of the KDO company. It then sells these shares to the public for $27. 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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