New Ocean Tech is going public by selling 1.5 million shares through an auction. The following is the bid stack (i.e. the bids from the auction, ordered based on price). Price S24 and over $23 S22 $21 S20 S19 Quantity bid 600.000 300.000 400,000 500,000 600,000 700,000 800,000 1,100,000 1,800,000 SIS $17 S16 and under a. What is the clearing price from the auction? b. What is the rationing rate (proportion of each order filled), if the shares are priced at market clearing? Give your answer, in percent, to the closest one decimal place (ie. 27.4). c. If the auction is dirty, what might the offering price be? Give an example