Question: Finance 2 - Final Session Cumulative Questions (PART 1) - WINTER 2019 Dutch auction idea from ch15: PC Industries is selling 2,500 shares of stock

Finance 2 - Final Session Cumulative Questions (PART 1) - WINTER 2019 Dutch auction idea from ch15: PC Industries is selling 2,500 shares of stock via a Dutch auction. The bids received are as follows: Bidder Quantity Price 1.400 $28 300 500 $27 1.000 $25 1.500 527 $24 a) How much will PC receive in total from selling the 2,500 shares? Ignore all transaction and flotation costs. b) How many shares will each investor receive and how much will they pay

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