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Homework answers / question archive / Thunder Inc
Thunder Inc. is in the process of selling shares of stock in an auction IPO. At the end of the bidding period, Thunder's investment bank has received the following bids:
|
Price ($) |
Number of Shares Bid |
|
$39.0 |
50,000 |
|
$38.5 |
25,000 |
|
$38.2 |
25,000 |
|
$38.0 |
100,000 |
|
$37.5 |
125,000 |
|
$37.0 |
75,000 |
|
$36.5 |
150,000 |
|
$36.0 |
240,000 |
|
$35.5 |
80,000 |
|
$34.5 |
130,000 |
|
$35.0 |
140,000 |
|
$33.8 |
125,000 |
|
$34.0 |
150,000 |
|
$33.5 |
80,000 |
|
$33.0 |
75,000 |
|
$32.5 |
200,000 |
What will the offer price of these shares be if Thunder is selling 1 million shares?
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