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Please help me with Investment Analysis & Portfolio Management eleventh Edition problem Chapter 10: Problem 4: A company goes public by using an auction. The
Please help me with Investment Analysis & Portfolio Management eleventh Edition problem
Chapter 10:
Problem 4:
A company goes public by using an auction. The bids are contained in the table below. The firm wants to sell 10 million shares.
Price Number of shares
20 2.5
19 7
18 4
17 5
16 8
15 6
In a traditional offering, describe which bidders would receive shares, the price they would pay, and how much of their orders would be filled.
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