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

question 21

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 total cost to the firm's original investors due to the market imperfections from the IPO is closest to:

• A)$141 million.
• B)$210 million.
• C)$280 million.
• D)$489 million.

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Definitions:

Verbal Following Skills

The ability to actively listen and respond appropriately to what others are saying, demonstrating understanding and engagement in a conversation.

Age

A measure of the time an individual has lived, typically given in years.

Setting

The physical or social context within which something occurs or is experienced.

Language

refers to a system of communication through the use of spoken, written, or gestural symbols.