Dallas Market Makers is offering 800 shares in a Dutch auction IPO. The following bids have been received. Bidder Quantity Price 200 $ 25 100 24 100 23 500 22 800 21 ABCDE How much will Bidder B have to spend to purchase all of the shares that have been allocated to him?

Dallas Market Makers is offering 800 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? Multiple Choice $1595.65 $1,955.56 $1,995.83 $2,393.43 $2,433.23