Use the Following Information to Answer the Question(s)below

question 3

Multiple Choice

Use the following information to answer the question(s) below.
Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares in an IPO.The IPO price has been set at $15 per share,and the underwriting spread is 6%.The IPO is a big success with investors,and the share price rises to $35 on the first day of trading.
-The market value of Wyatt Oil after the IPO is closest to:

• A)$329 million.
• B)$350 million.
• C)$592 million.
• D)$630 million.

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Definitions:

Hypomanic

Pertaining to a mood state characterized by persistent disinhibition and mood elevation (euphoria), with behavior that is clearly different from the person's non-depressed mood.

Major Depressive Disorder

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Depressed Mood

A persistent feeling of sadness or a lack of interest in external stimuli, contributing significantly to the diagnosis of depression.