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The Koepka Co. and the Johnson Co. both have announced IPOs at $40 per share. One of these is undervalued by $12.25, and the

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No. of shares in Johnson No. of sharus in Kospka a) PROFIT X X Ovinvalutd Paice Unduvalud plice (lo00 x $12.25)-(1000 x 5.5)

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