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Company XYZ wants to sell 1,500,000 shares using a Dutch auction. The resulting bids are summarized in the able below: Bidder A B D Size of bid (Shares) 200,000 350,000 250,000 600,000 500,000 450,000 Bid Price per share $65 $80 $60 $75 $90 $74 E F Answer: a. Does every bidder end up with some shares? Who end up getting how many shares? b. What is the price paid by each successful bidder? How much capital do es XYZ raise? C. Briefly discuss the attraction of a Dutch auction over the normal procedure for an IPO