Assume the issuer incurs $1 million in other expenses to sell 3 million shares at $40 each to an underwriter and the underwriter sells the shares at $43 each. By the end of the first day's trading, the issuing company's stock price had risen to $70. In %age terms, how much market value is absorbed by the total cost (direct expenses plus underpricing cost)?

A recent Consumer Reports study analyzed flat-screen TVs and found that the average performance rating for all TVs tested was 80 with an average price of $340

Clarence flat-screen TV has a perceived customer value of 30, and relative performance of 112. What is the relative cost of purchase for a Clarence flat-screen TV? A) 11.34 B) 340 C) 33.6 D) 82 E) 120

The Paper Moon sells gift wrapping paper, stationery, and greeting cards. It does not sell any other products. The number of different kinds of wrapping paper, stationery, and cards make up its ________

A) point-of-sale range B) retail price policy C) atmospherics D) merchandise assortment E) retail format