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

question 46

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 the underwriter will earn on this transaction is closest to:

• A)$4 million.
• B)$6 million.
• C)$9 million.
• D)$15 million.

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Definitions:

Ocelli Eye

Simple eyes, or ocelli, are found in some invertebrates, consisting of photoreceptor cells to detect light intensity and direction, but not form detailed images.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time.

Smells

The perceptions or sensations caused by the olfactory detection of airborne molecules or particles.

Rhodopsin

A pigment found in the photoreceptor cells of the retina, responsible for the initial step in the perception of light.