A contact tells you that CarX's Valuation was 33 times higher after the IPO, compared with before IPO. Based on the information contained in the article, how likely is it that this statement is true?

A. Highly Likely, the statement is definitely correct

B. Highly Unlikely, the statement is definitely incorrect

C.Neither likely nor unlikely. There is no evidence to confirm or disconfirm this statement

D. Slightly likely, the statement is more likely to be true than false, based on the data provided

E. Unlikely, the statement is more likely to be false than true, but you can't be 100% sure.

What is the main purpose of the article?

A. To entertain the reader

B. To inform the reader

C.To persuade people to be cautious before investing in CarX

D. To persuade people to invest in CarX

E. To promote CarX's competitors.

What is the correct answer from each? Thanks

(Question 23 of 26) What is the main purpose of the written article? CARX: GOLDMINE OR BUBBLE? CarX. is a transportation network company headquartered in San Francisco, California, United States, operating in 430 cities around the world. It develops, markets and operates a car transportation app. Starting with an initial investment of just $430,000 in 2008; it has expanded rapidly through outside investment. By 2012 it had raised another $400 million following an aggressive expansion strategy. With this capital, the company kept growing; by moving to new locations and offering deep discounts to new drivers and customers. CarX went from success to success and finally went to Initial Public Offering (IPO) in 2014. After their 2014 IPO, CarX was worth $15B but since then the share price has not uniformly increased. Many have doubts about the company's ability to produce high enough profits to match their massive valuation. As of 2017, CarX currently enjoys a 38% share of the taxi market worldwide with its main competitor's being Zink, another app based service, as well as local taxi and limo companies. Will this be enough to assuage the doubts of the market? Note: $1B = $1,000 Mill. By Terrance Lawson