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Question 3 1 pts Melbourne Ltd. wants to sell one million shares in an IPO and has engaged in a bookbuild. The bidders, the number

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Question 3 1 pts Melbourne Ltd. wants to sell one million shares in an IPO and has engaged in a bookbuild. The bidders, the number of shares and the price they are willing to pay are shown in the table below. Bidder Number of shares Price A 250,000 $10.00 B 200,000 $9.30 IC 350,000 $9.75 50,000 $11.00 E 300,000 $10.50 F 500,000 $9.00 Assume that the company chooses a price at which it can allocate all the IPO shares it wants to sell to some or all of the bidders indicated in the table by putting a high priority on those bidding a higher price. Which of the following is correct? (a) Bidder A gets all the shares it bids for and pays $10.00 per share. (b) Bidder B gets 50,000 shares and pays $9.30 per share. o (c) Bidders A, C, D and E get all the shares they bid for. O (d) Both (b) and (c) are correct. O (e) All of (a), (b) and (c) are correct

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