MC algo 15-7 Dutch Auction stock using Dutch auction underwriting. Thoe bids received are Narthern Air...
Northern Air would like to sell 3,900 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity PriceA 750 $29.30 B 850 28.95 C 1,250 28.80 D 1,450 28.45 E 1,650 28.25 How much will the company raise in its offer? Ignore all flotation and transaction costs. $110,955 $112,320 $114,270 $152,285 $112,905
Hilltop Brokers Inc. is offering 1,300 shares of stock in a Dutch auction. The bids include: Bidder Quantity Price А 350 $22 B 200 $21 С 650 $20 D 1,000 $18 E 300 $16 How much cash will Hilltop receive from selling these shares? Ignore all transaction and flotation costs. $26,000 $22,800 $20,800 $26,700 $23,400
LC Delivery has decided to sell 1,800 shares of stock through a Dutch auction. The bids received are as follows: 600 shares at $37 a share, 800 shares at $36, 900 shares at $35, 200 shares at $34, and 100 shares at $32 a share. How much will the company receive in total from selling the 1,800 shares? Ignore all transaction and flotation costs.
For #28, its 1840 shares 27 Ally's Sailboats has decided to take the common stock to the public. The firm has hired an underwriter who arranges a full commitment underwriting and suggests an initial selling price of $25 a share with a 5 percent gross spread. As it turns out, the underwriters only sell 97,400 shares. How much cash will Aaron's Sailboats receive ake the company public by offering a total of 120,000 shares of from its first public offering?...