Suppose That a Private Firm Wants to Go Public to Give

question 13

Multiple Choice

Suppose that a private firm wants to go public to give the owners a chance to retire.It follows the lead of the Google IPO by using a modified Vickrey (or uniform price) auction.The owners of the firm plans to sell 1 million shares and hope to raise at least $10 million from the auction.The following bids were submitted. Bob 250,000 shares at $12
Sam 350,000 shares at $13
Mary 300,000 shares at $9
Sue 100,000 shares at $10
Ravi 450,000 shares at $11

• A)The market clearing price is $13,and the sellers of the firm get $13 million.
• B)The market clearing price is $12,and the sellers of the firm get $13 million.
• C)The market clearing price is $11,and the sellers of the firm get $11 million.
• D)The market clearing price is $10,and the sellers of the firm get $10 million.
• E)The market clearing price is $9,and the sellers of the firm get$9 million

---

Definitions:

Endocrine Problem

A disorder or malfunction in the endocrine system, which can affect hormone production and lead to various health issues.

Growth Chart

A chart consisting of percentile curves that are used to determine a child’s growth in relation to average rates.

Development

A process of improvement and growth, which can be economic, social, biological, or organizational, involving the gradual evolution or realization of potential.

Standard Growth

A term often used to describe normal or expected growth patterns in living organisms or economic indicators over time.