Circus Town is offering 700 shares of stock in a Dutch auction. The bids include:

Bidder Quantity Price

A 100 16

B 300 15

C 400 14

D 700 13

How much cash will Circus Town receive from this stock offering? Ignore all costs.

A)$9,800

B)$10,700

C)$9,100

D)$10,300