Below are the results of an auction for an IPO of Bro's, a trendy coffee shop...
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Below are the results of an auction for an IPO of Bro's, a trendy coffee shop chain. Bro's is offering 50 million shares. Bidder Bid price Number of shares A 50.25 15 million 20 million 20 million C 49.75 C 49.45 D 49 10 million a) What will be the clearing price? b) How many shares will each bidder receive if Bro's allocates shares on a pro rata basis to all the successful bidders? Below are the results of an auction for an IPO of Bro's, a trendy coffee shop chain. Bro's is offering 50 million shares. Bidder Bid price Number of shares A 50.25 15 million 20 million 20 million C 49.75 C 49.45 D 49 10 million a) What will be the clearing price? b) How many shares will each bidder receive if Bro's allocates shares on a pro rata basis to all the successful bidders?
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a Clearing price is the highest price at which all shares would be sold to the bidders which is ... View the full answer
Related Book For
Statistics For Engineering And The Sciences
ISBN: 9781498728850
6th Edition
Authors: William M. Mendenhall, Terry L. Sincich
Posted Date:
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