Question
An investment bank pays $25.00 per share for 3,150,000 shares of the KDO company. It then sells these shares to the public for $26. a.
| An investment bank pays $25.00 per share for 3,150,000 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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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
