Knickerbocker Inc, is issuing shares through a Dutch Auction. They will auction 8,000,000 shares in...
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Knickerbocker Inc, is issuing shares through a Dutch Auction. They will auction 8,000,000 shares in the issue. They have received six sealed bids. The resuits, sorted by bid price, are shown below. What is the pro rata portion of shares that each of the winning bidders will receive for the number of shares they bid? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e 9.82 .16 )
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