Southern Air would like to sell 750 shares of stock using the Dutch auction method.The bids received are as follows: Bidder B will receive _____ shares and pay a price per share of ____.

Question

Southern Air would like to sell 750 shares of stock using the Dutch auction method.The bids received are as follows:  Bidder B will receive _____ shares and pay a price per share of ____.

Quizplus · Accepted Answer

The firm wants to sell 750 shares. The bid price for 1,000 shares, Bidders A, B, and C, is $42 a share. Bidder B's quantity = (750/1,000) × 300 = 225 shares

Southern Air Would Like to Sell 750 Shares of Stock