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Fleming Educational Software Inc is selling 250,000 shares of stock in an auction IPO. At the end of the bidding period, Fleming's investment bank has

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Fleming Educational Software Inc is selling 250,000 shares of stock in an auction IPO. At the end of the bidding period, Fleming's investment bank has received the following bids: Bidder A B D E F G H Quantity 50,000 shares 75,000 shares 200,000 shares 200,000 shares 100,000 shares 150,000 shares 75,000 shares 100,000 shares Price $ 32 $ 31 $ 28 $ 26 $ $ 25 S 24 $ 24 A. What will be the price of the stock? B. How many shares will each Bidder be allocated from the auction? Suppose instead Fleming Educational Software Inc wants to sell 600,000 shares in an auction IPO. A. What will be the price of the stock? B. How many shares will each Bidder be allocated from the auction

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