The bidders in a Dutch auction are as follows: Bidder Number of shares A 60,000 B 10,000 C 30,000 D 50,000 E 40,000 F 40,000 G 70,000 H 30,000 Price £50.00 £60.00 £45.00 £39.00 £42.00 £42.00 £35.00 £60.00 The number of shares being auctioned is 180,000. Find and state the price paid by investors. Also state the number of shares received by each investor.
The bidders in a Dutch auction are as follows: Bidder Number of shares A 60,000 B 10,000 C 30,000 D 50,000 E 40,000 F 40,000 G 70,000 H 30,000 Price £50.00 £60.00 £45.00 £39.00 £42.00 £42.00 £35.00 £60.00 The number of shares being auctioned is 180,000. Find and state the price paid by investors. Also state the number of shares received by each investor.
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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The bidders in a Dutch auction are as follows: Bidder Number of shares
-
A 60,000
-
B 10,000
-
C 30,000
-
D 50,000
-
E 40,000
-
F 40,000
-
G 70,000
-
H 30,000
Price £50.00 £60.00 £45.00 £39.00 £42.00 £42.00 £35.00 £60.00
The number of shares being auctioned is 180,000. Find and state the price paid by investors. Also state the number of shares received by each investor.
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