Chinese aka Dutch auction

[David Bergdahl]

In the financial world I believe dutch auctions involve selling bonds at
the average price of all the bids rather than to the highest bidders.  I
don't understand the rationale behind it but I can ask my broker if
anyone is interested.  Dutch auctions have been used more recently.

-- db
____________________________________________________________________
David Bergdahl          http://oak.cats.ohiou.edu/~bergdahl
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