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Luther Corporation Consolidated Balance Sheet 30 June 2017 and 2018

question 32

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Luther Corporation Consolidated Balance Sheet 30 June 2017 and 2018 (in $ millions)
Luther Corporation Consolidated Balance Sheet 30 June 2017 and 2018 (in $ millions)    -Refer to the balance sheet above. If on 30 June 2017, Luther has 8 million shares outstanding trading at $15 per share, then what is Luther's enterprise value?
-Refer to the balance sheet above. If on 30 June 2017, Luther has 8 million shares outstanding trading at $15 per share, then what is Luther's enterprise value?

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Definitions:

Patent

A government-granted exclusive right to an inventor, allowing them the sole right to make, use, and sell an invention for a certain period of time.

Socially Optimal Outcome

A state in which a market or economy operates at peak efficiency, distributing resources in a way that benefits the maximum number of people.

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Infections caused by bacteria that have evolved the ability to survive treatment with antibiotics that were previously effective against them.

Antibiotics

Medicinal substances used to treat bacterial infections by either killing the bacteria or inhibiting its growth.

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