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Wellington Seafood Company would like to sell 4,000 shares of stock to acquire its competitor Kapiti Crab Inc. The manager decides to use Dutch

 

Wellington Seafood Company would like to sell 4,000 shares of stock to acquire its competitor Kapiti Crab Inc. The manager decides to use Dutch auction underwriting. The bids received are: Quantity Price How much should bidder E need to pay for the allocated shares? Bidder ABCDE A 1100 $29.40 900 29.05 1,450 28.90 1,550 28.55 1,750 28.35

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