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  Moonscape has just completed an initial public offering. The firm sold 2 million shares at an offer price of $10 per share. The underwriting spread was $0.70 a share.

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  Once you’ve done this answer the three questions from the case study: Describe Zappos’ market offering. What is Zappos’ value proposition? How does it relate to its marketing offering?

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  A cafeteria serving line has a coffee urn from which customers serve themselves. Arrivals at the urn follow a Possion distribution at a rate of 2.5 per minute. In