Mukmiga Sports Entertainment is offering 700 shares in a Dutch auction IPO. What will be the gross proceeds for this offering where the following bids have been received:
$\begin{array}{c}
\begin{array}{c}
\underline{\text { Bidder}}\
\mathrm{A} \
\mathrm{B} \
\mathrm{C} \
\mathrm{D} \
\mathrm{E}
\end{array}
\begin{array}{c}
\underline{\text {Quantity}}\
100\
200\
200\
300\
600
\end{array}
\begin{array}{c}
\underline{\text {Price}}\
\$ 24 \
22\
22\
21\
20
\end{array}
\end{array}$

Question

Mukmiga Sports Entertainment is offering 700 shares in a Dutch auction IPO. What will be the gross proceeds for this offering where the following bids have been received: 
$\begin{array}{c}
\begin{array}{c}
 \underline{\text { Bidder}}\
\mathrm{A} \
\mathrm{B} \
\mathrm{C} \
\mathrm{D} \
\mathrm{E}
\end{array}
\begin{array}{c}
 \underline{\text {Quantity}}\
100\
200\
200\
300\
600
\end{array}
\begin{array}{c}
 \underline{\text {Price}}\
 \$ 24 \
22\
22\
21\
20
\end{array}
\end{array}$

Quizplus · Accepted Answer

The Answer of Mukmiga Sports Entertainment is offering 700 shares in a Dutch auction IPO. What will be the gross proceeds for this offering where the following bids have been received: 
$\begin{array}{c}
\begin{array}{c}
 \underline{\text { Bidder}}\
\mathrm{A} \
\mathrm{B} \
\mathrm{C} \
\mathrm{D} \
\mathrm{E}
\end{array}
\begin{array}{c}
 \underline{\text {Quantity}}\
100\
200\
200\
300\
600
\end{array}
\begin{array}{c}
 \underline{\text {Price}}\
 \$ 24 \
22\
22\
21\
20
\end{array}
\end{array}$

Mukmiga Sports Entertainment Is Offering 700 Shares in a Dutch