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Hilltop Brokers Inc. is offering 1,300 shares of stock in a Dutch auction. The bids include: Bidder Quantity Price 350 $22 B 200 $21 650

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Hilltop Brokers Inc. is offering 1,300 shares of stock in a Dutch auction. The bids include: Bidder Quantity Price 350 $22 B 200 $21 650 $20 D 1,000 $18 E 300 $16 How much cash will Hilltop receive from selling these shares? Ignore all transaction and flotation costs. $26,000 $22,800 $20,800 $26,700 $23,400

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