Neutrino Industries Stock Trades at $49 Per Share and There

question 15

Multiple Choice

Neutrino Industries stock trades at $49 per share and there are 120 million shares outstanding. The management would like to raise $400 million in an SEO. If the underwriter charges 6% of gross proceeds, how many shares must it sell?

• A) 7.38 million
• B) 7.82 million
• C) 8.25 million
• D) 8.68 million

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Definitions:

Inspiration

To breathe in, inhale.

Tachycardia

A condition characterized by an abnormally high heart rate, exceeding the normal resting rate.

Arrhythmia

An irregular heartbeat pattern, which can be too slow, too fast, or erratic, affecting how effectively the heart pumps blood.

Idiopathic Hypertension

High blood pressure of unknown cause.