Programmers, Inc. is selling 1,500 shares of stock through a Dutch auction. The bids they received are:

Bidder	Quantity	Price
A	200	$48
B	700	$46
C	500	$42
D	1,100	$40
E	1,500	$39

How much cash will Programmers, Inc. receive from selling these shares of stock? Ignore all transaction and flotation costs.

Select one:

a. $72,000

b. $60,000

c. $58,500

d. $66,800

e. $63,000