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Multiple Choice Big Island would like to sell 500 shares of stock using a Dutch auction. The bids received were Bidder A, 100 shares
Multiple Choice Big Island would like to sell 500 shares of stock using a Dutch auction. The bids received were Bidder A, 100 shares at $26; Bidder B, 300 shares at $25; Bidder C, 200 shares at $25; Bidder D, 500 shares at $24; and Bidder E, 800 shares at $22. Bidder D will be able to purchase allocated shares are rounded to the nearest whole share. 227: $5,675 227: $5,448 0:50 500; $24 500; $25 shares at total cost of Assume
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