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Frank Enstein is the CEO of a private medical equipment company that is proposing to sell 100,000 shares of its stock in an open auction.

Frank Enstein is the CEO of a private medical equipment company that is proposing to sell 100,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table.image text in transcribed

Frank Enstein is the CEO of a private medical equipment company that is proposing to sell 100,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table. Price $80 78 Shares 20,000 10,000 15,000 25,000 10,000 8,000 14,000 15,000 30,000 What is the maximum price at which the company can sell its stock? & Answer is complete but not entirely correct. Maximum price $ 7,243,000 $ Frank Enstein is the CEO of a private medical equipment company that is proposing to sell 100,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table. Price $80 78 Shares 20,000 10,000 15,000 25,000 10,000 8,000 14,000 15,000 30,000 What is the maximum price at which the company can sell its stock? & Answer is complete but not entirely correct. Maximum price $ 7,243,000 $

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