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

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter20: Financing With Derivatives

Section: Chapter Questions

Problem 12P

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