Question 9 (1 point) St. Paul Co. sold 1,500,000 shares in an IPO. The offering price for the shares was $38, but immediately after it was issued, the share price jumped to $43. St. Paul Co. paid a commission fee of $350,000 to its underwriter. How much is the money left on the table (implicit cost)? a) $7,850,000 b) $350,000 Oc) $7,500,000 d) None of the options e) $1500,000