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On Monday July 6, stock in ANDR Pharma is sold to the public for the first time. They sell 10 million shares at $10 per

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On Monday July 6, stock in ANDR Pharma is sold to the public for the first time. They sell 10 million shares at $10 per share and have earned $100 million on the sale of stock. On Tuesday July 6, at the close of stock trading, the price closed at $12 per share and 5 million shares were traded. Which is correct regarding the transactions of Tuesday, July 6 O ANDR earns no money O ANDR earns $60 million O ANDR earns $10 million O ANDR earns a reasonable commission on the sale 2 pts

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