The Labor-Management Reporting and Disclosure Act is aimed at eliminating corruption in labor unions

Which of the following is correct if an underwriter is selling stock to the public at $40 per share, the underwriter receives a $3 per share spread, 2 million shares are sold, and the issuing firm receives $111 million from the underwriter?

A. The underwriter's spread was greater than $3 B. The issue appreciated in price immediately C. The issue included 3 million shares D. The stock was issued on a best efforts basis

________ is defined as the substantial likelihood that a person either committed or is about to commit a crime

A) Reasonable suspicion B) Reasonable doubt C) Probable cause D) Preponderance of evidence