Question: QUESTION 15 4.38 points Save Answer Innetech Software, Inc. and its underwriter are executing an IPO through a Dutch auction. The underwriter has received the

 QUESTION 15 4.38 points Save Answer Innetech Software, Inc. and its

QUESTION 15 4.38 points Save Answer Innetech Software, Inc. and its underwriter are executing an IPO through a Dutch auction. The underwriter has received the following bids from interested investors. The firm plans to offer 205 million shares. What will the offering price be? ENTER YOUR ANSWER WITHOUT THE DOLLAR SIGN. Bidder Quantity Price 65 million shares $55.75 48 million shares $55.50 87 million shares $55.00 2 million shares $54.50 42 million shares $54.25 55 million shares $54.25 63 million shares $54.00 50 million shares $54.00

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