Use the Table for the Question(s)below

question 54

Multiple Choice

Use the table for the question(s) below.
David founds a company and goes through the investment rounds shown below:
He decides to take the company public through an IPO,issuing 2 million new shares.Assuming that he successfully completes the IPO,the net income for the next year is estimated to be $8 million.His banker informs him that the price of shares should be set using average price-earnings ratios for similar businesses,which is 15.0.
-What will be the IPO price per share?

• A)$3.40
• B)$20.25
• C)$33.33
• D)$33.75
• E)$60.00

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Definitions:

Hippocampus

A region of the brain that is associated with memory formation, spatial navigation, and emotional regulation.

Thalamus

The brain's main relay station for sensory signals, excluding smell, filtering information to the cerebral cortex for further processing and interpretation.

Medulla

The innermost part of an organ or structure, especially the medulla oblongata in the brain, involved in regulating vital body functions.

Hypothalamus

A small, crucial part of the brain located below the thalamus, responsible for hormonal control and regulation of essential bodily functions like temperature, hunger, and thirst.