Bidder have to spend to purchase all of the shares

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Reference no: EM131984426

1. Escambia Beach Systems is offering 1,000 shares in a Dutch auction IPO. The following bids have been received. How much will Bidder A have to spend to purchase all of the shares that have been allocated to her?

2. Dennis Rodman has a ?$4 comma 500 debt balance on his Visa card that charges an APR of 13.9 percent compounded monthly.? Dennis's current minimum monthly payment is 5 percent of his debt? balance, $ 225. How many months? (round up) will it take Dennis to pay off his credit card if he pays the current miminum payment of $ 225 at the end of each? month?

Reference no: EM131984426

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