Juno Markets is offering 900 shares in a Dutch auction IPO.The following bids have been received: How much will Bidder B have to spend to purchase all of the shares that have been allocated to him?

Name: Juno Markets is offering 900 shares in a Dutch auction IPO.The following bids have been received: How much will Bidder B have to spend to purchase all of the shares that have been allocated to him?
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Question

Juno Markets is offering 900 shares in a Dutch auction IPO.The following bids have been received:  How much will Bidder B have to spend to purchase all of the shares that have been allocated to him?

Quizplus · Accepted Answer

Cost = 300 × [900 / (100 + 300 + 400 + 200)] × $15 = $4,050

Juno Markets Is Offering 900 Shares in a Dutch Auction