contestada

5.92 points ebookprintreferencescheck my workcheck my work button is now disabled2item 17 northern air would like to sell 3,300 shares of stock using dutch auction underwriting. the bids received are: bidder quantity price a 600 $ 29.15 b 700 28.80 c 1,100 28.65 d 1,300 28.30 e 1,500 28.10 how much will the company raise in its offer? ignore all flotation and transaction costs. multiple choice

Respuesta :

$93,390 will the company raise in its offer.

Placement:

Bidder A: 600 shares at $29.15 (3300 – 600 = 2700 shares remaining)

Bidder B: 700 shares at $28.80 (2700 – 700 = 2000 shares remaining)

Bidder C: 1100 shares at $28.65 (2000 – 1100 = 900 shares remaining)

Bidder D: 1300 shares at $28.30 (900 – 900 = 0 shares remaining)

Bidder E: 1500 shares at $28.10

Hence, the stocks will be sold at $28.30.

A will get 600, B will get 700, C will get 1100, D will get 900 and E will get nothing

Total Amount Raised = 3300*28.30 = $93,390

A company , abbreviated as co., is a criminal entity representing an affiliation of people, whether herbal, felony or a combination of both, with a particular objective. organisation participants percentage a common reason and unite to reap particular, declared goals.

Learn more about company here:https://brainly.com/question/25818989
#SPJ4

Otras preguntas