NB: WRITE WELL SO THAT I CAN UNDERSTAND OR WRITE WITH THE KEYBOARD Exercise 3 (25 points) Luther Industries is selling a number of shares in an IPO. At the end of the tender, Luther's investment bank received the following offers: Number of Price ($) 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 Question: At what price will the shares be listed if Luther sells 1 million shares