Question
The Bidders in a Dutch auction are as follows: Bidder # of Shares Price A 60,000 $50.00 B 20,000 $80.00 C 30,000 $55.00 D 40,000
The Bidders in a Dutch auction are as follows:
Bidder # of Shares Price
A 60,000 $50.00
B 20,000 $80.00
C 30,000 $55.00
D 40,000 $38.00
E 40,000 $42.00
F 40,000 $42.00
G 50,000 $35.00
H 50,000 $60.00
The number of shares being auctioned is 210,000. What is the price paid by investors? How many shares does each investor receive?
Question 2.17
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Fundamentals Of Futures And Options Market
Authors: John C. Hull
6th Edition
0132242265, 9780132242264
