Use the Information for the Question(s)below

question 7

Essay

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:
-What will the proceeds from the IPO be if Luther is selling 1.1 million shares?

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Definitions:

Born Global

Companies that engage in international expansion soon after starting in a domestic market.

Natural Resources

Raw materials and components provided by nature that can be utilized for economic gain.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance premiums.

Research and Development

The process focused on developing new products or improving existing ones, often involving scientific and technological innovations.