A company goes public by using an auction. The bids are
contained in the table below. The firm wants to sell 11 million
shares.
In a traditional offering, describe which bidders would receive
shares, the price they would pay, and how much of their orders
would be filled. Enter your answers for the number of receive
shares in millions. For example, an answer of 1.2 million should be
entered as 1.2, not 1,200,000. Round the monetary values to the
nearest dollar and answers for the number of receive shares to one
decimal place. If the investor wouldn't receive shares, enter "0"
in both columns.
A company goes public by using an auction. The bids are contained in the table below. The firm wants to sell 11 million
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