Question: An investment bank pays $23.50 per share for 4 million shares of JCN Com- pany. It then sells those shares to the public for $25

An investment bank pays $23.50 per share for 4 million shares of JCN Com- pany. It then sells those shares to the public for $25 per share. How much money does JCN receive? What is the profit to the investment bank? What is the stock price of JCN?

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