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Logan Enterprises is offering 780 shares in a Dutch auction IPO. The following bids have been received. What is the clearing price in the auction?

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Logan Enterprises is offering 780 shares in a Dutch auction IPO. The following bids have been received. What is the clearing price in the auction? Bidder Quantity Price A 408 32 B 815 28 151 25 D 329 23 E 636 21 Answer should be formatted as a number with two decimal places (e.g. 99.99)

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