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Olsen Outdoors recently offered 10,000 shares of stock via a Dutch auction. The firm received bids as follows: 1000 shares at $32.25 per share; 5,000
Olsen Outdoors recently offered 10,000 shares of stock via a Dutch auction. The firm received bids as follows: 1000 shares at $32.25 per share; 5,000 shares at $32.00 per share; 6,600 shares at $31.90 per share; and 12,000 shares at $31.50 per share. Ignoring all costs. How much will the firm receive from this auction?
$319,850
$315,000
$319,000
$322,000
$318,250
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