A “Dutch auction” was used by Google to raise money in 2004. A Dutch a

A “Dutch auction” was used by Google to raise money in 2004. A Dutch auction involves

A) hiring a Dutch firm to sell a company’s securities at auction.
B) allowing investment banking firms to submit bids on how many shares they are willing to sell
and at what price.
C) allowing investors to submit bids saying how many shares they’d like to buy and at what
price.
D) selling bonds in Europe.

ANSWER

C