Andrew bid $32.50 per share for 500 shares in a Dutch auction for Vargas Resorts shares of stock. The other bids were $33 for 200 shares, $32 for 600 shares, $35 for 100 shares, and $30 for 500 shares. Vargas was seeking to sell 1,000 shares. What price did Andrew pay for each share he purchased? Multiple Choice O O O O $33 $32 $35 $30 $32.50

Andrew bid $32.50 per share for 500 shares in a Dutch auction for Vargas Resorts shares of stock. The other bids were $33 for 200 shares, $32 for 600 shares, $35 for 100 shares, and $30 for 500 shares. Vargas was seeking to sell 1,000 shares. What price did Andrew pay for each share he purchased? Multiple Choice O O O O $33 $32 $35 $30 $32.50

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.60 140,000 14.40 200,000 14.20 560,000 14.00 1,000,000 13.80 1,280,000 13.60 880,000 420,000 13.40 Roundtree had previously believed it would issue 1,900,000 shares, however, if Roundtree decides to issue an extra 488,000 shares (for a total of 2,388,000 shares), how much total money will it raise? Roundtree will raise a total amount of $ million (Round to one decimal place.)
AVC Auctions (AVCA) has offered its 16.6 million shares in a Dutch Auction IPO. The following bids have been received:Bidder Quantity Price 1 4,150,000 $ 25.60 2 5,500,000 $ 25.35 3 7,000,000 $ 25.00 4 2,250,000 $ 24.75How many shares will Bidder 3 be able to purchase? How much will Bidder 3 have to spend to purchase all of the shares that have been allocated to them?
1. Swenson Markets would like to sell an additional 1,000 shares of stock using a Dutch auction. The bids received are as follows: (Table below should be interpreted as follows: Bidder A is willing to pay $31 for each share, up to 100 shares while bidder B is willing to pay $29 for each share, up to 100 shares) (Hint: Remember that for Dutch auctions, sell shares first to bidder with willing to pay the highest price and then to bidder with second highest price and so on until all shares are sold. However, every bidder will pay the price of the last bidder to receive any shares. In other words, everyone will pay the lowest price of all successful bidders receiving shares regardless of their own price bids.) Bidder Price A B с 500 D 600 E 400 What is the total amount the issuer will receive from this auction? Ignore costs. Quantity 100 100 $31 $29 $28 $27 $26
ABC would like to repurchase 50,000 of its ordinary shares. Investor X offered to sell his 20,000 shares at P20 per share. Investor Y offered to sell his 30,000 shares at P21 per share. Lastly, Investor Z offered to sell his 50,000 shares at P22 per share. ABC eventually paid Investors X and Y P21 per share to complete the repurchase. This is a/an *A. Fixed price tender offerB. Dutch auction self-tender repurchaseC. Open market operationD. Selective buy-back
Use the following information to answer questions 26 to 28 Michael is an investor based in New York He holds 100 shares of Bescherelle, a French firm that went public in March 2015. He bought the shares at €18 per share. At that time, the dollar euro exchange rate was $1.360/€. Now, the share is trading at €25 and the dollar euro exchange rate is $1.410/€. 26. If Michael sells his shares today, what percentage change in the share price would he receive? A. 55.43% B. 40.11% C. 38.89% D. 23.34% E. 15.30% 27. Over this period, by how much has the Euro appreciated/depreciated against the dollar? A. Appreciated by 3.68% B. Depreciated by 3.68% C. Devalued by 3.68% D. Appreciated by 3.54% E. Depreciated by 3.54%
Please try to answer both in 30 minute just need final answer
PLease answer only first one with explanation thanx
Sue received 50 shares of Zoll Industry stock from her Uncle Dave for a graduation present. Dave purchased the stock in 1986 at $25 per share. The stock was worth $60 per share when Sue graduated. What is Sue’s basis in the stock? Group of answer choices $1,250 $2,500 $1,500 $3,000
The bids and bidders in a Dutch auction to sell 20,000 shares are as follows: At what price are the shares sold? How many shares does each bidder get?
You would like to sell 220 shares of Echo Global Logistics, Inc. (ECHO). The current ask and bid quotes are $15.44 and $15.39, respectively. You place a limit sell order at $15.43.If the trade executes, how much money do you receive from the buyer?
John wants to invest in shares and is trying to decide between two companies(Company A and Company B) in the same industry. After doing his research henotes the following about the two companies:Measure Company A Company BShare Price $10 $15Earnings Per Share $1 $1Dividend $0.50 $1PE Ratio 10 15Dividend Yield 5% 7% Having critically examined the five measures, John decided to purchase 1.5mshares in Company B. At the time when John purchased the shares, the value ofthe equity shares was $3m and the par value was $0.40.Required:a. Explain how each of the measures identified by John could help him in decidingon which company’s shares to buy.b. How did the stock market help John to purchase the shares in Company Bc. Calculate John’s shareholding in Company B and the cost on his investment?d.. What are the benefits John obtains by being a…
What is the cest of pretrred stock for Kylo usng the emestrmesit banker? (Round to fwo docrmal places

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