Question 47 2 pts 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 ANDR carm no money ANDR earns $60 million ANDR eatin $10 million ANDR curns a reasonable commission on the sale Question 48 2 pts Penrose Corporation has a board of directors consisting of 13 persons, The Revised Modern Business Corporations Act requires a quorum to conduct business A meeting Is called to approve a sale to Davenport Corporation, Seven members show up for the meeting At the time of the vote, the votes are 4-3 in favor to sale. Which is correct The sale is approved as the vote Is In favor of sale The sale h approved only If the members of the board not present vote in abstention The sale is not approved because a majority of the board did not approve The sale is not approved undess the shareholders approve