Northern Air Would Like to Sell 700 Shares of Stock

question 36

Multiple Choice

Northern Air would like to sell 700 shares of stock using the Dutch auction method.The bids received are as follows: Bidder A will receive _____ shares and pay a price per share of ____.

• A)0; $0
• B)69; $42.25
• C)140; $42.00
• D)210; $42.00
• E)$300; $40.00

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