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

question 51

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 the venture capitalists is closest to:

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

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Definitions:

Antagonist Drugs

Medications that block or dampen the action of neurotransmitters or hormones, often used in the treatment of various diseases and conditions.

Psychoactive Drugs

Substances that affect the mind, mood, or other mental processes, often used recreationally or as medication.

Barbiturate Withdrawal

The adverse effects experienced when a person who is dependent on barbiturates reduces or stops their usage, including potential seizures and agitation.

Alcohol

A chemical compound commonly found in beverages such as beer, wine, and spirits, known for its psychoactive and intoxicating effects.