Problem 1 (10 marks) You are the lead broker for the syndicate that will be issuing $45,000,000 in a new equity issue for the Rocket Science Corporation. The issue will be a firm commitment offering and the entire issue was purchased for a discounted price. The new equity issue will be sold using a Dutch auction. Calculate the selling price and the number of shares each successful bidder will receive. Show your work! Investor Shares Bid Price 30,000 95.00 2 50,000 96.25 3 75,000 94.50 4 100,000 100.00 5 100,000 96.50 6 150,000 100.00 7 150,000 97.75 8 200,000 98.00 1