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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:
-What will the offer price of these shares be if Luther is selling 1 million shares?
Discount Rate
The interest rate charged by central banks for short-term loans to commercial banks, influencing monetary policy and economy liquidity.
Required Reserve Ratio
The fraction of deposits that a bank is legally required to hold as reserves, either in its own vaults or with a central bank.
Government Spending
Expenditures made by the government for its operations, provision of public services, or interventions in the economy.
U.S. Government Securities
Fixed-income investments backed by the full faith and credit of the United States government, including Treasury bills, notes, and bonds.
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