Moonlight is offering 1,100 shares in a Dutch auction IPO. The following bids have been received:
$$\begin{array} { c c c }
\text { Bidder } & \text { Ouantity } & \text { Price } \
\text { A } & 200 & \$ 18 \
\text { B } & 100 & 18 \
\text { C } & 400 & 17 \
\text { D } & 400 & 16 \
\text { E } & 200 & 16
\end{array}$$
How much will Moonlight receive from this offering if the underwriter's fee is 6.5%?

Question

Moonlight is offering 1,100 shares in a Dutch auction IPO. The following bids have been received:
$$\begin{array} { c c c } 
\text { Bidder } & \text { Ouantity } & \text { Price } \
\text { A } & 200 & \$ 18 \
\text { B } & 100 & 18 \
\text { C } & 400 & 17 \
\text { D } & 400 & 16 \
\text { E } & 200 & 16
\end{array}$$
How much will Moonlight receive from this offering if the underwriter's fee is 6.5%?

Quizplus · Accepted Answer

The Answer of Moonlight is offering 1,100 shares in a Dutch auction IPO. The following bids have been received:
$$\begin{array} { c c c } 
\text { Bidder } & \text { Ouantity } & \text { Price } \
\text { A } & 200 & \$ 18 \
\text { B } & 100 & 18 \
\text { C } & 400 & 17 \
\text { D } & 400 & 16 \
\text { E } & 200 & 16
\end{array}$$
How much will Moonlight receive from this offering if the underwriter's fee is 6.5%?

Moonlight Is Offering 1,100 Shares in a Dutch Auction IPO