Amdocs Inc. would like to sell/issue 10,000 new shares of stock using a Dutch auction. The...

Question

Question

Answer 1

Answer #1

Qusetion	How many maximum share bidder C can buy ?
Answer	2400 share

	Working
	Bidder	Quantity	Price	Higher price
	A	7,000	10	IV
	B	5,000	13	II
	C	3,000	12	III
	D	2,600	15	I
		17,600

	Amdocs Inc will sell/issue the share whose bid price is higher.
	Here Amdocs Inc. will issue as
	Total sell/ issue share	10,000
	Less: First he will issue to D whose bid price is higher	2,600
	Balance share	7,400
	Less: Then he will issue to B whose bid price is second higher	5,000
	Balance share can be issue to C whose price is third higher	2,400

Answer 2

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