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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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