Graham & Harvey Inc. are issuing shares through a Dutch Auction. They will auction 14,000,000 shares...

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Graham & Harvey Inc. are issuing shares through a Dutch Auction. They will auction 14,000,000 shares in the issue. They have received six sealed bids. The results, sorted by bid price, are shown below. Bidder Shares Price A 2,350,000 127.60 B 3,750,000 118.40 4,250,000 116.30 D 4,850,000 111.90 E 5,250,000 108.20 F 5,950,000 103.60 Given the price that the shares will be sold at based on the bids, what is the pro rata portion of shares that each of the winning bidders will receive for the number of shares they bid? 88.02% 86.96% 100.00% 75.05% O 92.11% Graham & Harvey Inc. are issuing shares through a Dutch Auction. They will auction 14,000,000 shares in the issue. They have received six sealed bids. The results, sorted by bid price, are shown below. Bidder Shares Price A 2,350,000 127.60 B 3,750,000 118.40 4,250,000 116.30 D 4,850,000 111.90 E 5,250,000 108.20 F 5,950,000 103.60 Given the price that the shares will be sold at based on the bids, what is the pro rata portion of shares that each of the winning bidders will receive for the number of shares they bid? 88.02% 86.96% 100.00% 75.05% O 92.11%