Question
Zebra Stripes would like to sell 400 shares of stock using the Dutch auction method. The bids received were Bidder A, 200 shares at $28;
Zebra Stripes would like to sell 400 shares of stock using the Dutch auction method. The bids received were Bidder A, 200 shares at $28; Bidder B, 300 shares at $27; Bidder C, 500 shares at $26; and Bidder D, 400 shares at $25. How much will Bidder B have to pay to purchase her allocated shares?
Multiple Choice
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$8,100
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$6,480
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$6,730
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$7,610
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$7,240
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European Financial Reporting Adapting To A Changing World
Authors: J. Flower
2nd Edition
0333685180, 9780333685181
