New Offering: 800,000 units at $6 per unit. Each unit has 2 shares of common stock and 1 warrant. Each warrant is to purchase ½ share of common stock. Based on the information above, how many shares of stock will be sold, and how many warrants will be sold?
A) 800,000 shares and 400,000 warrants.
B) 800,000 shares and 200,000 warrants.
C) 1.6 million shares and 800,000 warrants.
D) 1.6 million shares and 400,000 warrants.
Answer: C) 1.6 million shares and 800,000 warrants.