If the investment bank can sell the shares for $9.75 per share, what is the profit (loss) to the investment banker?
A) Profit of $1,000,000.
B) Loss of $7,500,000.
C) Profit of $7,000,000.
D) Loss of $7,000,000.
E) Loss of $1,000,000.
Correct Answer:
Verified
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A)$105,000,000.
B)$150,000,000.
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E)$110,000,000.
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