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Pro Shipping Inc. is selling 10,500 shares of stock through a Dutch auction. The bids received are as follows: Bidder Quantity Price A 1200 $104

Pro Shipping Inc. is selling 10,500 shares of stock through a Dutch auction. The bids received are as follows:

Bidder

Quantity

Price

A

1200

$104

B

2800

$95

C

5000

$88

D

5000

$72

E

11000

$50

Which of the following statements is true:

A. bidder A pays $104 for each share he gets

B. bidder C pays $88 for each share he gets

C. bidder A gets 1200 shares

D. bidder D gets 3750 shares

E. Pro Shipping Inc. receives $1,008,000 in total from this issuance

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