You are the lead broker for the syndicate that will be issuing $45,000,000 in a equity issue for the Rocket Science Corporation. The issue will be a firm commitment offering and the entire issue was purchased for a discounted price. The new equity issue will be sold using price and the number of shares each successful bidder will receive. Show your work! new a Dutch auction. Calculate the selling Shares Bid Price Proceeds Investor 100,000 100.00 10,000,000.00 1 2 25,000,000.00 150,000 100.00 3 98.00 44,100,000.00 200,000 4 150,000 97.75 58,650,000.00 96.50 100,000 67,550,000.00 96.25 50,000 72,187,500.00 95.00 30,000 74,100,000.00 8 80,797,500.00 75,000 94.50 LO N CO You are the lead broker for the syndicate that will be issuing $45,000,000 in a equity issue for the Rocket Science Corporation. The issue will be a firm commitment offering and the entire issue was purchased for a discounted price. The new equity issue will be sold using price and the number of shares each successful bidder will receive. Show your work! new a Dutch auction. Calculate the selling Shares Bid Price Proceeds Investor 100,000 100.00 10,000,000.00 1 2 25,000,000.00 150,000 100.00 3 98.00 44,100,000.00 200,000 4 150,000 97.75 58,650,000.00 96.50 100,000 67,550,000.00 96.25 50,000 72,187,500.00 95.00 30,000 74,100,000.00 8 80,797,500.00 75,000 94.50 LO N CO