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US Corp is going though an IPO process. Below are the bids for US Corp's shares at the end of the bidding process. Plan

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US Corp is going though an IPO process. Below are the bids for US Corp's shares at the end of the bidding process. Plan us to sell 800,000 shares in IPO. a) what will be the winning bid price for all accepted bids? b) what will be the total $ amount raised in this IPO (gross amount, before any fees). Number of Shares Bid Price (S) $19.50 50,000 $19.25 25,000 $19.10 25,000 $19.00 100,000 $18.75 125,000 $18.50 75,000 $18.25 150,000 $18.00 240,000 $17.75 80,000 $17.50 125,000 $17.25 150,000 $17.00 100,000 $16.90 60,000 $16.75 80,000 $16.50 75,000 $16.25 200,000

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