Programmers, Inc

question 43

Multiple Choice

Programmers, Inc. is selling 1,500 shares of stock through a Dutch auction. The bids they received are: How much cash will Programmers, Inc. receive from selling these shares of stock? Ignore all transaction and flotation costs.

• A) $58,500
• B) $60,000
• C) $63,000
• D) $66,800
• E) $72,000