Use the Information for the Question(s)below

question 23

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 Luther raise?

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Definitions:

Presynaptic Side

The part of a synapse that releases neurotransmitters from the axon terminal of a neuron into the synaptic cleft, initiating a neural signal.

Neurotransmitters

Chemical messengers released by neurons that transmit signals across a chemical synapse, such as between neurons or from neurons to muscles.

Axoaxonic Synapses

A specific type of synaptic connection where the axon of one neuron connects to the axon of another, impacting the release of neurotransmitters.

Transporter Proteins

Proteins that move molecules across cell membranes, regulating the passage of substances into and out of cells and within cellular compartments.