Juno Markets is offering 900 shares in a Dutch auction IPO. The following bids have been received:
How much will Bidder B have to spend to purchase all of the shares that have been allocated to him?
A) $4,320.00
B) $4,812.50
C) $5,100.00
D) $5,400.00
E) $5,700.00
Correct Answer:
Verified
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