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RunFast Inc The Company Will Offer 600 Shares in the IPO

Question 62

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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 500 shares 15 J 100 shares 12\begin{array} { l l c } \hline \text { Bidder } & \text { Quantity } & \text { Price (EUR) } \\\hline \text { A } & 100 \text { shares } & 10 \\\hline \text { B } & 100 \text { shares } & 20 \\\hline \text { C } & 300 \text { shares } & 12 \\\hline \text { D } & 150 \text { shares } & 14 \\\hline \text { E } & 200 \text { shares } & 16 \\\text { F } & 100 \text { shares } & 8 \\\text { G } & 50 \text { shares } & 6 \\\text { H } & 200 \text { shares } & 10 \\\hline \text { I } & 500 \text { shares } & 15 \\\hline \text { J } & 100 \text { shares } & 12 \\\hline\end{array} The company will offer 600 shares in the IPO.How many shares will the highest bidder get, if allocation is done on the basis of the ratio of shares offer to shares bid at the offer price?

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The highest bidders are B, E and I, resp...

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