$$\begin{array} { c c c }
\text { Bidder } & \text { Bid per share } & \text { Shares } \
\hline \text { A } & \$ 70 & 200,000 \
\text { B } & \$ 50 & 50,000 \
\text { C } & \$ 45 & 50,000 \
\text { D } & \$ 40 & 100,000 \
\text { E } & \$ 35 & 50,000 \
\text { F } & \$ 30 & 100,000 \
\text { G } & \$ 20 & 100,000 \
\hline
\end{array}$$ TABLE 15.2
-Consider the information provided in Table 15.2, which represents bids in a multiple-item Dutch auction in which the seller wishes to dispose 500,000 shares. The lowest bid per share that will dispose of the entire offering is:
A) $30
B) $40
C) $45
D) $50
E) $70

Question

$$\begin{array} { c c c } 
\text { Bidder } & \text { Bid per share } & \text { Shares } \
\hline \text { A } & \$ 70 & 200,000 \
\text { B } & \$ 50 & 50,000 \
\text { C } & \$ 45 & 50,000 \
\text { D } & \$ 40 & 100,000 \
\text { E } & \$ 35 & 50,000 \
\text { F } & \$ 30 & 100,000 \
\text { G } & \$ 20 & 100,000 \
\hline
\end{array}$$ TABLE 15.2
-Consider the information provided in Table 15.2, which represents bids in a multiple-item Dutch auction in which the seller wishes to dispose 500,000 shares. The lowest bid per share that will dispose of the entire offering is:
A) $30
B) $40
C) $45
D) $50
E) $70

Quizplus · Accepted Answer

In a Dutch auction, shares are allocated starting from the highest bid until all shares are sold. The cumulative shares reach 500,000 at a bid of $30, which is the lowest price that clears the entire offering.

TABLE 152 -Consider the Information Provided in Table 15

TABLE 152
-Consider the Information Provided in Table 15