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Dutch Auction I Knickerbocker Inc. is issuing shares through a Dutch Auction. They will auction 8 , 0 0 0 , 0 0 0 shares
Dutch Auction I
Knickerbocker Inc. is issuing shares through a Dutch Auction. They will auction
shares in the issue.
They have received six sealed bids. The results, sorted by bid price, are shown
below.
What is the pro rata portion of shares that each of the winning bidders will receive
for the number of shares they bid? Do not round intermediate calculations, enter
your answer as a percent rounded to decimal places, eg
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