Question 14 4 pts Graham & Harvey Inc. are issuing shares through a Dutch Auction. They...
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Question 14 4 pts Graham & Harvey Inc. are issuing shares through a Dutch Auction. They will auction 7,000,000 shares in the issue. They have received six sealed bids. The results, sorted by bid price, are shown below. Bidder Shares Price A 1,350,000 20.60 B 1,750,000 18.40 C 2,250,000 16.30 D 2,850,000 13.90 E 3,250,000 11.20 F 3,950,000 10.60 Given the price that the shares will be sold at based on the bids, what is the pro rata portion of shares that each of the winning bidders will receive for the number of shares they bid? O 51.89% 93.46% O 100.00% 87.34% 85.37% Question 14 4 pts Graham & Harvey Inc. are issuing shares through a Dutch Auction. They will auction 7,000,000 shares in the issue. They have received six sealed bids. The results, sorted by bid price, are shown below. Bidder Shares Price A 1,350,000 20.60 B 1,750,000 18.40 C 2,250,000 16.30 D 2,850,000 13.90 E 3,250,000 11.20 F 3,950,000 10.60 Given the price that the shares will be sold at based on the bids, what is the pro rata portion of shares that each of the winning bidders will receive for the number of shares they bid? O 51.89% 93.46% O 100.00% 87.34% 85.37%
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