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Alexandra bid 22 a share for 500 shares in a Dutch auction for ABC shares of stock. The other bids were 25 for 300 shares,
Alexandra bid 22 a share for 500 shares in a Dutch auction for ABC shares of stock. The other bids were 25 for 300 shares, 23 for 400 shares, 26 for 300 shares, and 22 for 700 shares. ABC was seeking the sale of 1,000 shares. What price will Alexandra have to pay for each share and how many will she get?
a) 22, 500 shares
b) 22, 250 shares
c) 23, 500 shares
d) 0, 0
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