An Investment Banker Agrees to Underwrite an Issue of 10

question 77

Multiple Choice

An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch,Inc.on a firm commitment basis.The investment banker pays $10.50 per share to TWResearch,Inc.for the 10 million shares of stock.It then sells those shares to the public for $11.20 per share.
-If the investment bank can sell the shares for $9.75 per share,how much money does TWResearch receive?

• A)$105,000,000.
• B)$150,000,000.
• C)$112,000,000.
• D)$125,000,000.

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Definitions:

Sympathetic Nerve

The sympathetic nervous system is part of the autonomic nervous system that prepares the body for 'fight or flight' responses during perceived threats.

Carotid Baroreceptors

Sensors located in the carotid arteries that monitor blood pressure and relay information to the central nervous system to maintain stable blood pressure.

Glossopharyngeal Nerve

The glossopharyngeal nerve is the ninth cranial nerve, which has both sensory and motor functions, including taste sensation and stimulating muscle movement in swallowing.

Vagus Nerve

The tenth cranial nerve that is responsible for many functions including heart rate, digestion, and mood control.