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Problem 3. TVC Inc. would like to issue 10,000 new shares via a Dutch Auction. The company receives the bids in the table below. At

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Problem 3. TVC Inc. would like to issue 10,000 new shares via a Dutch Auction. The company receives the bids in the table below. At what price will all of the shares be sold? BidderQuantity Price A 2,500 shares $20 500 shares $22 C4,500 shares $21 D 2,000 shares $23 E 1,000 shares $19 F 1,000 shares $18 A) $18 B) S19 C) $20 D) $21 E) $23

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