You client has heard that IPOs can have a loss to the company.Solve the following example for them: Assume a company does its IPO at $60 per share.But the price on the day of the IPO rose as high as $75 per share. The company issued 10,000,000 shares at the IPO.

If the company believes the IPO could have been at the high price that day, what was the under-pricing loss to the company at its IPO?

A. $150,000,000

B. $200,000,000

C. $600,000,000

D. $0