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Question 16 Suppose a firm wants to sell shares to new investors in an IPO process using the dutch auction method. The firm asks an

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Question 16 Suppose a firm wants to sell shares to new investors in an IPO process using the dutch auction method. The firm asks an investment bank to get investor bids to sell a total of 730,000 shares. The bids received are provided in the table below. How many bidders will receive full allotment of shares? Enter your answer in the following format: 1 . Bids Bidder #1 Bidder #2 Bidder #3 Bidder #4 Bidder #5 Bidder #6 # of Shares 50,000 100,000 150,000 200,000 250,000 300,000 Share Price $57 $55 $53 $51 $49 $47

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