Use the Information for the Question(s)below

question 8

Essay

Use the information for the question(s)below.
Luther Industries sold 10 million shares of stock in an SEO.The market price of Luther at the time was $25 per share.Of the 10 million shares sold,6 million shares were primary shares being sold by the company,and the remaining 4 million shares were being sold by venture capitalists.Luther's underwriter charges 5% of the gross proceeds as an underwriting fee.
-How much money did the venture capitalists receive?

---

Definitions:

Harmful Air Pollution

Contaminants in the air that pose health risks or damage to the environment, often resulting from industrial activities, vehicle emissions, and other sources.

Global South

Poor countries in the southern hemisphere (previously referred to as the Third World).

Water Related

Pertaining to or connected with water, including its management, conservation, and issues surrounding its availability, quality, and use.

2008 Olympic Games

An international multi-sport event held in Beijing, China, showcasing athletes from around the world competing in various sports.