Miller Motors Has Decided to Sell 1,800 Shares of Stock

question 85

Multiple Choice

Miller Motors has decided to sell 1,800 shares of stock through a Dutch auction.The bids received are as follows: How much will Miller Motors receive in total from selling the 1,600 shares? Ignore all transaction and flotation costs.

• A)$30,400
• B)$33,400
• C)$36,000
• D)$36,400
• E)$38,600

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