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It receives bids to buy shares from investors A through F. The number of shares each...

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Finance

It receives bids to buy shares from investors A through F. Thenumber of shares each would buy and the price they offer to pay isbelow:

A: 100 shares $16/share

B: 300 shares $14/share

C: 200 shares $10/share

D: 100 shares $12/share

E: 100 shares $13/share

F: 400 shares $14/share

The corporation will sell 1,000 shares. Whatwill be the IPO share price?

a) $14

b) $13

c) $12

d) $10

Answer & Explanation Solved by verified expert
4.0 Ratings (397 Votes)
Answer Option C is correct For the limit buy orders sell price less than or equal to the buy order price gets executed If selling price is 10 for 1000 shares the following orders will get executed 200 shares 10share 100 shares 12share 100 shares    See Answer
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Transcribed Image Text

It receives bids to buy shares from investors A through F. Thenumber of shares each would buy and the price they offer to pay isbelow:A: 100 shares $16/shareB: 300 shares $14/shareC: 200 shares $10/shareD: 100 shares $12/shareE: 100 shares $13/shareF: 400 shares $14/shareThe corporation will sell 1,000 shares. Whatwill be the IPO share price?a) $14b) $13c) $12d) $10

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