Question
Juno Markets is offering 110 shares in a dutch auction IPO. The following bids have been recieved: Bidder, Quantiy, Price Bidder A, 100, 18$ Bidder
Juno Markets is offering 110 shares in a dutch auction IPO. The following bids have been recieved:
Bidder, Quantiy, Price
Bidder A, 100, 18$
Bidder B, 300, 18$
Bidder C, 400, 16$
Bidder D 200, 15$
Bidder E 800, 14$
How much will bidder B have to spend in order to purchase all of the shares that have been allocated to him?
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Handbook Of Research On Decision Making Techniques In Financial Marketing
Authors: Hasan Dinçer, Serhat Yüksel
1st Edition
1799825590, 978-1799825593
