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Use the Following Information to Answer the Question(s)below

Question 44

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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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