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By the mid-1960s, there were reportedly more than a million GEM members throughout the U.S. and Canada. GEM announced plans in December 1965 to merge with Parkview Drugs, a Kansas City-based chain, creating a new parent company called Parkview-GEM. [7] [8] The merger was finalize five months later. [9]
Non-competitive bids are usually opened until 12:00 (ET) while competitive ones – until 13:00. Single-price system All securities have the same interest rate which is determined by the lowest accepted competitive bid. And the way the interest rate is conducted is by the single-price system.
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]
With a top speed of 25 mph (40 km/h), GEM cars have a range of 30–100 miles (50–160 km) on a single charge depending on the installed battery technology. They are battery-electric, operating on a 72-volt battery system that can be plugged into a standard 3-prong 120-volt outlet for recharging, and they fully recharge in six to eight hours.
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Bidding – the act of participating in an auction by offering to purchase an item for sale. Bid Construction Problem (BCP) – also known as the Bid Generation Problem (BGP), BCP is a NP-Hard combinatorial problem addressed and solved by the bidder to determine the bid packages to bid on and their corresponding bidding prices. [148] [149]
Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders an incentive to bid their true value .
Bids are filled from the lowest yield/highest price until the entire $10 billion is raised -- however, all filled bids receive the lowest cleared price, even those who bid a higher price (encouraging higher priced bids). In aggregate the bids are as follows: $1.00 billion at 5.115% (highest bid, lowest coupon) $2.50 billion at 5.120%