Need typed answer only.Please give answer within 45 minutes 12. Pro Shipping Inc. is selling 10,500 shares of stock through a Dutch auction. The bidsreceived are as follows:BidderABCDEQuantity120028005000500011000Price$104$95$88$72$50Which of the following statements is true:A. bidder A pays $104 for each share he getsB. bidder C pays $88 for each share he getsC. bidder A gets 1200 sharesD. bidder D gets 3750 sharesE. Pro Shipping Inc. receives $1,008,000 in total from this issuance

Dutch auction is a type of option in which the shares will be first offered to those who have bid at…

2. Pro Shipping Inc. is selling 10,500 shares of stock through a Dutch auction. The bids eceived are as follows: Bidder A B C D E Quantity 1200 2800 5000 5000 11000 Which of the following statements is true: .. bidder A pays $104 for each share he gets . bidder C pays $88 for each share he gets . bidder A gets 1200 shares Price $104 $95 $88 $72 $50 . bidder D gets 3750 shares . Pro Shipping Inc. receives $1,008,000 in total from this issuance

2. Pro Shipping Inc. is selling 10,500 shares of stock through a Dutch auction. The bids eceived are as follows: Bidder A B C D E Quantity 1200 2800 5000 5000 11000 Which of the following statements is true: .. bidder A pays $104 for each share he gets . bidder C pays $88 for each share he gets . bidder A gets 1200 shares Price $104 $95 $88 $72 $50 . bidder D gets 3750 shares . Pro Shipping Inc. receives $1,008,000 in total from this issuance

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Dallas Market Makers is offering 800 shares in a Dutch auction IPO. The following bids have been received. Bidder Quantity Price A 200 $ 25 100 24 100 23 500 22 800 21 B C D E How much will Bidder B have to spend to purchase all of the shares that have been allocated to him? Multiple Choice O $1595.65 $1,955.56 $1,995.83 $2,393.43 $2,433.23
1. Swenson Markets would like to sell an additional 1,000 shares of stock using a Dutch auction. The bids received are as follows: (Table below should be interpreted as follows: Bidder A is willing to pay $31 for each share, up to 100 shares while bidder B is willing to pay $29 for each share, up to 100 shares) (Hint: Remember that for Dutch auctions, sell shares first to bidder with willing to pay the highest price and then to bidder with second highest price and so on until all shares are sold. However, every bidder will pay the price of the last bidder to receive any shares. In other words, everyone will pay the lowest price of all successful bidders receiving shares regardless of their own price bids.) Bidder Price A B с 500 D 600 E 400 What is the total amount the issuer will receive from this auction? Ignore costs. Quantity 100 100 $31 $29 $28 $27 $26
AVC Auctions (AVCA) has offered its 16.6 million shares in a Dutch Auction IPO. The following bids have been received:Bidder Quantity Price 1 4,150,000 $ 25.60 2 5,500,000 $ 25.35 3 7,000,000 $ 25.00 4 2,250,000 $ 24.75How many shares will Bidder 3 be able to purchase? How much will Bidder 3 have to spend to purchase all of the shares that have been allocated to them?
The bidders in a Dutch auction are as follows: Bidder Number of shares A 60,000 B 10,000 C 30,000 D 50,000 E 40,000 F 40,000 G 70,000 H 30,000 Price £50.00 £60.00 £45.00 £39.00 £42.00 £42.00 £35.00 £60.00 The number of shares being auctioned is 180,000. Find and state the price paid by investors. Also state the number of shares received by each investor.
The bidders in a Dutch auction are as follows: Bidder Number of shares Price 60,000 10,000 A £50.00 В £60.00 C 30,000 £45.00 D 50,000 £39.00 E 40,000 £42.00 F 40,000 £42.00 G 70,000 £35.00 H 30,000 £60.00 The number of shares being auctioned is 180,000. Find and state the price paid by investors. Also state the number of shares received by each investor.
The bidders in a Dutch auction are as follows: Bidder Number of shares Price A 60,000 £50.00 B 20,000 £80.00 C 30,000 £55.00 D 40,000 £38.00 E 40,000 £44.00 F 40,000 £42.00 G 50,000 £35.00 H 50,000 £60.00 The number of shares being auctioned is 200,000. What is the price paid by investors? How many shares does each investor receive? a. The price paid by the investors is the price bid by C = £55. b. The price paid by the investors is the price bid by E = £44. c. The price paid by the investors is the price bid by A = £50. d. The price paid by the investors is the price bid by H = £60.
Wellington Seafood Company would like to sell 4,000 shares of stock to acquire its competitor Kapiti Crab Inc. The manager decides to use Dutch auction underwriting. The bids received are: Bidder ABCDE O $32,340 How much should bidder A need to pay if the bidder receives the allocated shares? Ⓒ $31,405 O $25,124 Quantity 1100 900 1,450 1,550 1,750 O $25,872 Price $29.40 29.05 28.90 28.55 28.35
You own shares in Yahoo that were purchased at a price of $25 per share. Microsoft has offered to purchase Yahoo and buy your shares at a price of $30 per share. What will be your return if you tender your shares to Microsoft and the deal is completed? O A. 21% OB. 19% OC. 20% OD. 14%
Rial Company wants to sell 400 shares to the public with Dutch auction underwring. The company receives five bids as follows: Bidder Quantity Price A 100 shares $16 B 100 shares 14 C 100 shares 12 D 200 shares 10 E 100 shares 9 1. Who are the bidders that will win the auction? 2. What will be the offer price in the IPO? 3. How much in total will Rial Company receive?
Ma3. Question 7 The PX exchange uses maker/taker pricing: orders that add liquidity receive a rebate of $0.001 per share; orders that take liquidity pay $0.002 per share. Sam just entered an order to buy 100 shares limit $20. This order goes into the book. Shortly thereafter Mona enters an order to sell 100 shares, limit $19. a. What is the price paid by Sam net of maker-taker pricing? b. What is the price received by Mona net of maker-taker pricing?
You find that the bid and ask prices for a stock are $13.45 and $14.00, respectively. If you purchase or sell the stock, you must pay a flat commission of $15. If you buy 300 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars? Multiple Choice $180 O $15 O $195 $30
Use the table for the question(s) below. Consider the following two quotes for XYZ stock: November 11th November 18th Ask: 25.25 Ask: 26.00 Bid: 25.20 Bid: 25.93 How much would you receive if you sold 200 shares of XYZ stock on November 11th? A) $5050 B) $5040 C) $5186 D) $5200

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