An investment bank pays $ 23.50 per share for 3,000,000 shares of the KDO Company. It then

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An investment bank pays $ 23.50 per share for 3,000,000 shares of the KDO Company. It then sells these shares to the public for $ 25. How much money does KDO receive? What is the investment banker’s profit? What is the stock price of KDO?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:42 AM

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An investment bank pays $ 23.50 per share for 3,000,000 shares of the KDO Company. It then

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KDO pays 70500000 2350 x 3000000 for the shares and receive...View the full answer

Financial Markets and Institutions

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