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:

Cofactors

Chemical compounds or metallic ions not made of protein, essential for the catalytic activity of enzymes.

Coenzymes

Non-protein organic molecules that bind to enzymes and are essential for their catalytic activity, aiding in various biochemical transformations.

Antioxidants

Substances that can prevent or slow damage to cells caused by free radicals, unstable molecules that the body produces as a reaction to environmental and other pressures.

Concentration Gradient

The gradual change in the concentration of solutes in a solution as a function of distance through a solution.