Suppose a firm wishes to sell $100,000$ shares and uses a Dutch auction method to sell those shares. The following bids are received:

 

 

$$32$ for $20,000$ shares

$$28$ for $25,000$ shares

$$24$ for $40,000$ shares

$$18$ for $15,000$ shares

$$16$ for $15,000$ shares

$$15$ for $50,000$ shares

$$14$ for $50,000$ shares

 

 

What is the result?

Answer rating: 100% (QA)

In a Dutch auction the highest price at which all shares can ... View the full answer