How much was Bear Stearns bought for?

How much was Bear Stearns bought for?

When that was denied, JPMorgan Chase agreed to buy Bear Stearns for $2 a share, with the Federal Reserve guaranteeing $30 billion in mortgage-backed securities. The final price was ultimately raised to $10 a share, still a sharp drop for a company that had traded at $170 a year earlier.

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