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Bakers' Town Bread Is Selling 1,200 Shares of Stock Through

Question 50

Multiple Choice

Bakers' Town Bread is selling 1,200 shares of stock through a Dutch auction.The bids received are as follows: Bakers' Town Bread is selling 1,200 shares of stock through a Dutch auction.The bids received are as follows: How much cash will Bakers' Town Bread receive from selling these shares of stock? Ignore all transaction and flotation costs. A) $10,800 B) $12,000 C) $13,400 D) $14,400 E) $16,800
How much cash will Bakers' Town Bread receive from selling these shares of stock? Ignore all transaction and flotation costs.


A) $10,800
B) $12,000
C) $13,400
D) $14,400
E) $16,800

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