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Why is the answer not 31 * 2100 Eastern Electric is offering 2,100 shares of stock in a Dutch auction. The bids include: 1,400 shares
Why is the answer not 31 * 2100
Eastern Electric is offering 2,100 shares of stock in a Dutch auction. The bids include: 1,400 shares at $32 per share, 1,500 shares at $31 per share, 1,400 shares at $30 per share, and 900 shares at $29 per share. How much cash will Eastern Electric receive from selling these shares? Ignore all transaction and flotation costs. Multiple Choice $62,100 $63,000 $64,200 $63,300 $60,000Step by Step Solution
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