40. A company sold 1 million shares of common stock at $10 book value and the stock price then rose to $25 per share on the New York Stock Exchange. What amount of equity capital did the firm raise from this sale? a. $1,000,000 b. $10,000,000 $15,000,000 d. $25,000,000 $35,000,000 c. e. 38. If a company's annual income was $100,000, annual retained earnings was $60,000, and it had 400 shareholders, its quarterly dividend payment to each shareholder would be a. $1,000 b. $100 c. $40 d. $25 e. $1