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In a Dutch auction, the number of shares being auctioned is 210,000. The bidders are as follows: Bidder Number of Shares Price ($s) A 40
| In a Dutch auction, the number of shares being auctioned is 210,000. The bidders are as follows: | ||||
| Bidder | Number of Shares | Price ($s) | ||
| A | 40 000,000 | 57,00 | ||
| B | 50 000,000 | 87,00 | ||
| C | 50 000,000 | 62,00 | ||
| D | 40 000,000 | 45,00 | ||
| E | 40 000,000 | 49,00 | ||
| F | 60 000,000 | 49,00 | ||
| G | 20 000,000 | 42,00 | ||
| H | 30 000,000 | 67,00 | ||
| a. What's the price paid by the investors? | ||||
| b, How many shares does each investor receive? | ||||
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Risk Management and Financial Institutions
Authors: Hull John
4th edition
1118955943, 978-1118955949
