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Seasonal Brewery is selling 1,800 shares of stock through a Dutch auction. The bids received are as follows: Bidder Quantity Price A 120 $15 B

Seasonal Brewery is selling 1,800 shares of stock through a Dutch auction. The bids received are as follows:

Bidder

Quantity

Price

A

120

$15

B

280

$12

C

400

$11

D

700

$10

E

2100

$7

Which of the following statements is true:

A. bidder A pays $15 for each share he gets

B. bidder B gets 280 shares

C. bidder D pays $10 for each share he gets

D. bidder E gets 1050 shares

E. None of the above

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