Programmers, Inc. is selling 1,500 shares of stock through a Dutch auction. The bids they received are:
How much cash will Programmers, Inc. receive from selling these shares of stock? Ignore all transaction and flotation costs.
A) $58,500
B) $60,000
C) $63,000
D) $66,800
E) $72,000
Correct Answer:
Verified
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