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Wholesale Foods Would Like to Sell 1,500 Shares of Stock

Question 45

Multiple Choice

Wholesale Foods would like to sell 1,500 shares of stock using a Dutch auction. The bids received are as follows: Wholesale Foods would like to sell 1,500 shares of stock using a Dutch auction. The bids received are as follows:   What is the total amount the issuer will receive from this auction? Ignore costs. A)  $58,500 B)  $57,000 C)  $56,500 D)  $54,000 E)  $51,000 What is the total amount the issuer will receive from this auction? Ignore costs.


A) $58,500
B) $57,000
C) $56,500
D) $54,000
E) $51,000

Correct Answer:

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