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Consider the following bids in an auction for a newly issued stock by ABC. The company wants to sell 600 shares. What is the offer

Consider the following bids in an auction for a newly issued stock by ABC. The company wants to sell 600 shares. What is the offer price?

Bidder

Quantity

Price ($)

A

200 shares

120

B

300 shares

100

C

50 shares

85

D

50 shares

79

E

100 shares

60

F

600 shares

55

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