Webster Electrics is offering 1,500 shares of stock in a Dutch auction. The bids include: How much cash will Webster Electrics receive from selling these shares?
Ignore all transaction and flotation costs.

Name: Webster Electrics is offering 1,500 shares of stock in a Dutch auction. The bids include: How much cash will Webster Electrics receive from selling these shares? Ignore all transaction and flotation costs.
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Question

Webster Electrics is offering 1,500 shares of stock in a Dutch auction. The bids include:  How much cash will Webster Electrics receive from selling these shares?
Ignore all transaction and flotation costs.

Quizplus · Accepted Answer

Total cash received = 1,500 F1F1F1S1F1F1F10 $21 = $31,500

Webster Electrics Is Offering 1,500 Shares of Stock in a Dutch