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Author Question: Use the information for the question(s) below.Luther Industries is in the process of selling shares ... (Read 107 times)

bobbysung

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Use the information for the question(s) below.

Luther Industries is in the process of selling shares of stock in an auction IPO.  At the end of the bidding period, Luther's investment bank has received the following bids:

Price ($)Number of Shares Bid
$19.50 50,000
$19.25 25,000
$19.10 25,000
$19.00 100,000
$18.75 125,000
$18.50 75,000
$18.25 150,000
$18.00 240,000
$17.75 80,000
$17.50 125,000
$17.25 150,000
$17.00 100,000
$16.90 60,000
$16.75 80,000
$16.50 75,000
$16.25 200,000


What will the offer price of these shares be if Luther is selling 1 million shares?
◦ $17.50
◦ $17.00
◦ $17.25
◦ $16.75


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Marked as best answer by bobbysung on Jul 9, 2019

Qarqy

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bobbysung

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Reply 2 on: Jul 9, 2019
Wow, this really help


bblaney

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Reply 3 on: Yesterday
:D TYSM

 

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