Juno Markets Is Offering 900 Shares in a Dutch Auction

question 99

Multiple Choice

Juno Markets is offering 900 shares in a Dutch auction IPO.The following bids have been received: How much will Bidder B have to spend to purchase all of the shares that have been allocated to him?

• A)$4,050.00
• B)$4,212.00
• C)$4,800.00
• D)$5,200.00
• E)$5,700.00

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