Problem 1 (10 marks) You are the lead broker for the syndicate that will be issuing $45,000,000 in a new equity issue for the Rocket Science Corporation. The issue will be a firm commitment offering and the entire issue was purchased for a discounted price. The new equity issue will be sold using a Dutch auction Calculate the selling price and the number of shares each successful bidder will receive. Show your work! Investor Shares 1 30,000 2 50,000 3 75,000 4 100,000 5 100,000 6 150,000 7 150,000 8 200,000 Bid Price 95.00 96.25 94.50 100.00 96.50 100.00 97.75 98.00 Proceeds 2,850,000.00 7,700,000.00 14,647,500.00 25,500,000.00 34,257,500.00 50,500,000.00 64,026,250,00 83,790,000.00