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:

Egocentrism

The cognitive inability to understand or assume any perspective other than one's own, commonly observed in children during the preoperational stage of development.

Infantile Amnesia

The common inability of adults to remember the earliest years of their childhood, typically from birth until around 4 years of age.

Stranger Anxiety

Describes a developmental stage in infants and young children where they experience fear or distress around unfamiliar people.

Assimilation

The cognitive process of integrating new information into existing schemas or frameworks, often discussed in the context of learning and development.