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

question 34

Multiple Choice

Use the following information to answer the question(s) below.
Nielson Motors sold 10 million shares of stock in an SEO.The market price of Nielson's stock at the time was $37.50.Of the 10 million shares sold,4 million shares were primary shares sold by the company,and the remaining 6 million shares were being sold by the venture capital investors.Assume the underwriter charges 4% of the gross proceeds as an underwriting fee which is shared proportionately between the primary and secondary shares.
-The amount of money raised by Nielson Motors is closest to:

• A)$144 million.
• B)$150 million.
• C)$216 million.
• D)$219 million.

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Definitions:

Myofibril

Specific muscle cell organelle containing a linear arrangement of sarcomeres, which shorten to produce muscle contraction.

Sarcomeres

The basic contractile unit of muscle fiber, consisting of actin and myosin filaments between two Z-lines.

Myofilaments

Protein filaments consisting of actin and myosin that are the primary components of muscle contraction.

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays key roles in arousal, attention, memory, and muscle activation.