Use the Information for the Question(s) Below -What Will the Offer Price of These Shares Be If

question 63

Multiple Choice

Use the information for the question(s) below.
Luther Industries is in the process of selling shares in an auction IPO. At the end of the bidding period, Luther's investment
bank has received the following bids:
$\begin{array} { l r } \hline \text { Price (\$) } & \begin{array} { c } \text { Number of } \\\text { Shares Bid }\end{array} \\\hline \$ 19.50 & 50,000 \\\hline \$ 19.25 & 25,000 \\\hline \$ 19.10 & 25,000 \\\hline \$ 19.00 & 100,000 \\\hline \$ 18.75 & 125,000 \\\hline \$ 18.50 & 75,000 \\\hline \$ 18.25 & 150,000 \\\hline \$ 18.00 & 240,000 \\\hline \$ 17.75 & 80,000 \\\hline \$ 17.50 & 125,000 \\\hline \$ 17.25 & 150,000 \\\hline \$ 17.00 & 100,000 \\\hline \$ 16.90 & 60,000 \\\hline \$ 16.75 & 80,000 \\\hline \$ 16.50 & 75,000 \\\hline \$ 16.25 & 200,000 \\\hline\end{array}$
-What will the offer price of these shares be if Luther is selling 1 million shares?

• A) $17.50
• B) $16.75
• C) $17.25
• D) $17.00

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Definitions:

Coronary Sinus

A large vein on the posterior of the heart that collects blood from the heart muscle (myocardium) and returns it to the right atrium.

Cardiac Vein

Blood vessels that drain deoxygenated blood from the myocardium (heart muscle) into the right atrium of the heart, playing a crucial role in the circulatory system.

Cardiac Tamponade

A medical emergency where fluid accumulates in the pericardium, compressing the heart and reducing its ability to pump blood.

Pericardial Cavity

Space within the mediastinum in which the heart is located.