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Amdocs Inc. would like to sell/issue 10,000 new shares of stock using a Dutch auction. The bidders who plan to buy these shar
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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
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