Jonston Tree Farm Is Selling 1,500 Shares of Stock Through

Jonston Tree Farm is selling 1,500 shares of stock through a Dutch auction. The bids received are: How much cash will Jonston receive from selling these shares of stock? Ignore all transaction and flotation costs.

A) $58,700
B) $59,800
C) $60,000
D) $60,100
E) $60,600