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    Investment banker's profit

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    An investment banker 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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    https://brainmass.com/business/accounting-for-corporations/investment-banker-s-profit-456243

    Solution Preview

    An investment banker pays $23.50 per share for 3,000,000 shares ...
    An investment banker pays $23.50 per share for 3,000,000 shares of the ...

    Solution Summary

    This solution helps in computing an investment banker's profit based on the given purchase price, quantity, and sale price of stock shares.

    $2.19