Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose a firm wishes to sell 100,000 shares and u

Suppose a firm wishes to sell 100,000 shares and uses a Dutch auction method to...

50.1K

Verified Solution

Question

Accounting

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?
The firm sells 100,000 shares for $15 per spare.
The firm sells 100,000 shares for $18 per share.
The firm sells 20,000 shares for $32 per share; 25,000 shares for $28 per share; 40,000 shares for $24 per share; and 15,000 shares for $18 per share.
The firm sells 215,000 shares for $14 per share.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In order to clone a DNA gene, it is inserted into a larger vector. Why should...

Biology
Q

For the questions below, give full structural diagrams and names for all reactants and products. Also indicate the TYPE OF REACTION. 2. The formation of 2,2--?pentanediol from 1--?pentyne. 3. The reaction between trans--?2--?hexene with hydrogen bromide. 4. The formation of 2--?butanol from an alkene. 5. The reaction between 2 moles of water with 2--?pentyne. 6. The oxidation of 2--?butanol. 7. The combustion of 2--?pentanol. 8. Show the formation of 2--?butene from an alcohol. 9. Show the reaction between water and cyclohexene.

Chemistry
Q

St. Johns River Shipyards is considering the replacement of an 8-year-old riveting machine with a new...

Finance
Q

) Design a simple embedded system with PIC16F84A microcontroller (using 20MHz resonator). The system can drive...

Electrical Engineering
Q

The plasma membrane is composed of:cellulosecellulose and proteinlipid onlyphospholipid and protein

Biology
Q

Round the number to 4 significant figures.46.73 50

Calculus
Q

Finding a Unit Vector In Exercises 35 36 37 and 38 find the unit vector...

Calculus
Q

The management of Wengel Corporation is considering dropping product B90D. Data from the company's accounting...

Accounting
Q

Enterprise risk management (ERM) is a hot topic across all industries. Boards and senior management...

Accounting
Q

Flatnes Lode 1.450 cases of hockey packs per yeat. The cast sell for $139.99. The...

Accounting
Q

Give me three ways that a supervisor can perpetrate (or help perpatrate) a payroll scheme...

Accounting
Q

On January 1,2022 "Jordan Co." and "Palestine Co." sign a lease agreement, that calls for...

Accounting