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Use the following information to answer the question(s) below.
Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares in an IPO.The IPO price has been set at $15 per share,and the underwriting spread is 6%.The IPO is a big success with investors,and the share price rises to $35 on the first day of trading.
-The amount that Wyatt Oil raised during the IPO is closest to:
Skewed
A distribution that is not symmetrical, with a majority of data points lying on one side of the mean.
Bimodal
A distribution with two different modes, or peaks, in a set of data, indicating two dominant frequencies or values.
Normal Distribution
Normal distribution, often called a bell curve, describes a symmetrical distribution of data where most values cluster around a central mean.
Outliers
Outliers are data points that differ significantly from other observations, often lying far outside the majority of a data distribution.
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