Answered: Bidder A B с D E F G LL Number of…

Business

Finance

Bidder A B с D E F G LL Number of Shares 3,000 2,000 5,000 6,000 9,000 4,000 8,000 Price (USD) 80 73 90 85 70 84 86

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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Question

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?

Bidder
A
B
с
D
E
FL
G
Number of Shares
3,000
2,000
5,000
6,000
9,000
4,000
8,000
Price (USD)
80
73
90
85
70
84
86

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