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PLEASE ANSWER ALL THE QUESTIONS A company goes public by using an auction, The bids are contained in the table below. The firm wants to
PLEASE ANSWER ALL THE QUESTIONS
A company goes public by using an auction, The bids are contained in the table below. The firm wants to sell 11 milion shares. Assime that the auction is conducted as a dirty auction, and the clearing price is $18. Describe which bidders would receive shares, the price they would pay, and how much of their orders would be flled. Enter your answers for the number of receve shares in millions, for example, an answer of 1.234 milion should be entered as 1.234, not 1,234,000. Round the monetary values to the nearest dollar and answers for the number of receive shares to three decimal places. If the investor wouldnt receive shares, enter " 0 " in both columes Step by Step Solution
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