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RunFast Inc After the Auction It Is Announced That the Company's Shares

Question 65

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RunFast Inc.wants to go public.It decides to do so via a Dutch auction underwriting.It receives the following bids:  Bidder  Quantity  Price (EUR)  A 100 shares 10 B 100 shares 20 C 300 shares 12 D 150 shares 14 E 200 shares 16 F 100 shares 8 G 50 shares 6 H 200 shares 10 I 300 shares 15 J 100 shares 12\begin{array} { l l l } \hline \text { Bidder } & \text { Quantity } & \text { Price (EUR) } \\\hline \text { A } & 100 \text { shares } & 10 \\\text { B } & 100 \text { shares } & 20 \\\text { C } & 300 \text { shares } & 12 \\\hline \text { D } & 150 \text { shares } & 14 \\\text { E } & 200 \text { shares } & 16 \\\text { F } & 100 \text { shares } & 8 \\\text { G } & 50 \text { shares } & 6 \\\text { H } & 200 \text { shares } & 10 \\\text { I } & 300 \text { shares } & 15 \\\text { J } & 100 \text { shares } & 12 \\\hline\end{array} After the auction it is announced that the company's shares will be offered for EUR 15 in the IPO. How many shares will be issued by RunFast Inc (assuming there is no need to allocate a ratio of shares)?

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RunFast will issue 6...

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