Question
An investment bank pays $25.30 per share for 3,180,000 shares of the KDO company. It then sells these shares to the public for $26. a.
An investment bank pays $25.30 per share for 3,180,000 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? (For all requirements, enter your answers in dollars, not in millions.)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
