Dallas Market Makers is offering 800 shares in a Dutch auction IPO. The following bids have been received.Bidder Quantity PriceA200$ 2510024100235002280021BCDEHow much will Bidder B have to spend to purchase all of the shares that have been allocated to him?Multiple ChoiceO$1595.65$1,955.56$1,995.83$2,393.43$2,433.23

Given -We are given the following data -Total shares to be offered in auction : 800Bids given to 5…

Dallas Market Makers is offering 800 shares in a Dutch auction IPO. The following bids have been received. Bidder Quantity Price A 200 $ 25 B 100 с 100 D 500 E 800 How much will Bidder B have to spend to purchase all of the shares that have been allocated to him? Multiple Choice O O $1595.65 $1,955.56 24 23 22 21 $1,995.83

Dallas Market Makers is offering 800 shares in a Dutch auction IPO. The following bids have been received. Bidder Quantity Price A 200 $ 25 B 100 с 100 D 500 E 800 How much will Bidder B have to spend to purchase all of the shares that have been allocated to him? Multiple Choice O O $1595.65 $1,955.56 24 23 22 21 $1,995.83

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Rial Company wants to sell 400 shares to the public with Dutch auction underwring. The company receives five bids as follows: Bidder Quantity Price A 100 shares $16 B 100 shares 14 C 100 shares 12 D 200 shares 10 E 100 shares 9 1. Who are the bidders that will win the auction? 2. What will be the offer price in the IPO? 3. How much in total will Rial Company receive?
The bidders in a Dutch auction are as follows: Bidder Number of shares A 60,000 B 10,000 C 30,000 D 50,000 E 40,000 F 40,000 G 70,000 H 30,000 Price £50.00 £60.00 £45.00 £39.00 £42.00 £42.00 £35.00 £60.00 The number of shares being auctioned is 180,000. Find and state the price paid by investors. Also state the number of shares received by each investor.
You would like to sell 220 shares of Echo Global Logistics, Inc. (ECHO). The current ask and bid quotes are $15.44 and $15.39, respectively. You place a limit sell order at $15.43.If the trade executes, how much money do you receive from the buyer?
The bidders in a Dutch auction are as follows: Bidder Number of shares Price A 60,000 £50.00 B 20,000 £80.00 C 30,000 £55.00 D 40,000 £38.00 E 40,000 £44.00 F 40,000 £42.00 G 50,000 £35.00 H 50,000 £60.00 The number of shares being auctioned is 200,000. What is the price paid by investors? How many shares does each investor receive? a. The price paid by the investors is the price bid by C = £55. b. The price paid by the investors is the price bid by E = £44. c. The price paid by the investors is the price bid by A = £50. d. The price paid by the investors is the price bid by H = £60.
You would like to sell 200 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.66 and $4.62, respectively. You place a limit sell order at $4.65.If the trade executes, how much money do you receive from the buyer?
Weeks ago, the consumer products giant, Unilever, announced plans to buy back 700,000 shares using a Dutch auction. Since then the company has solicited interest from shareholders by asking how many shares they would tender at different prices. The information they collected appears in the following table: Offer Price Total Shares Tendered 56.00 190,000 56.15 355,000 56.30 490,000 56.45 635,000 56.60 780,000 56.75 920,000 a) What is the average price that the company will pay to buy back shares? $56.60 b) Is the offer oversubscribed or undersubscribed? oversubscribed, greater c) What percentage of the shares offered by stockholders that will be repurchased? (enter your respose here)
NEED ALL QUEST.... You would like to purchase one ClassA share of Berkshire Hathaway through your TD Ameritrade brokerage account. TD Ameritrade advertises a $5 commission for trades using their phone-based interactive voice response system. You call and learn that the bid price is $285,705.59 and the asking price is $285,909.62 , and you submit your order for one share. a. The current bid/ask spread for Berkshire Hathaway Class A shares is $________ (Round to the nearest cent.) b. If TD Ameritrade routes your buy order to the NYSE, the potential minimum for your total transaction costs is $________ (Round to the nearest dollar.) c. If TD Ameritradevroutes your buy order to NASDAQ, the potential maximum for your total transaction costs is $________ (Round to the nearest cent.) d. Regardless of how your trade is executed, based on the bid/ask spread, the market value of your trade is $________ (Round to the nearest cent.)
You would like to buy shares of Sirius Satellite Radio (SIRI) The current ask and bid quotes are $3.96 and $3.93 respectivety You place a market buy-order for 500 shares that executes at these quoted prices How much money did it cost to buy these shares?
you would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $3.96 and $3.93, respectively. You place a market buy order for 500 shares that executes at these quoted prices.How much money did it cost to buy these shares?
You have an arrangement with your broker to request 1,050 shares of all available IPOs. Suppose that 8% of the time, the IPO is "very successful" and appreciates by 111% on the first day, 80% of the time it is "successful" and appreciates by 13%, and 12% of the time it "fails" and falls by 13%. a). By what amount does the average IPO appreciate the first day? b). Suppose you expect to receive 55 shares when the IPO is very successful, 240 shares when it is successful, and 1,050 shares when it fails. Assume the average IPO price is $12. What is your expected return on your IPO investments?
You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $4.14 and $4.11, respectively. You place a market buy order for 580 shares that executes at these quoted prices.How much money did it cost to buy these shares? (Round your answer to 2 decimal places.)
ABC would like to repurchase 50,000 of its ordinary shares. Investor X offered to sell his 20,000 shares at P20 per share. Investor Y offered to sell his 30,000 shares at P21 per share. Lastly, Investor Z offered to sell his 50,000 shares at P22 per share. ABC eventually paid Investors X and Y P21 per share to complete the repurchase. This is a/an *A. Fixed price tender offerB. Dutch auction self-tender repurchaseC. Open market operationD. Selective buy-back

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