Zebra Stripes would like to sell 400 shares of stock using the Dutch auction method.The bids received were Bidder A,200 shares at $28;Bidder B,300 shares at $27;Bidder C,500 shares at $26;and Bidder D,400 shares at $25.How much will Bidder B have to pay to purchase her allocated shares?
A) $8,100
B) $7,610
C) $6,480
D) $7,240
E) $6,730
Correct Answer:
Verified
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