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When securities are issued in a Dutch auction investors all pay: a. the individual price they themselves bid for shares b. an average price of

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When securities are issued in a Dutch auction investors all pay: a. the individual price they themselves bid for shares b. an average price of all the bids taken together c. an offer price set by the underwriter d. the lowest price bid where all shares are sold e. none of the above reflects what investors all pay in a Dutch auction

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