Fresh Foods would like to sell 1,600 shares of stock using a Dutch auction. The bids received are as follows:

QUESTION 1 Fresh Foods would like to sell 1,600 shares of stock using a Dutch auction. The bids received are as follows: Bidder B D E Quantity 300 600 900 1,100 400 Price $39 $38 $36 $35 $34 What is the total amount the issuer will receive from this auction? Ignore costs. $59,700 $57,600 $56,500 $54,000 $51,000