Bressler's Would Like to Sell 600shares of Stock Using the Dutch

question 46

Multiple Choice

Bressler's would like to sell 600shares of stock using the Dutch auction method.The bids received are as follows: $$\begin{array} { | c | c | r | } \hline \text { Bidder } & \text { Quantity } & \text { Price } \\\hline \text { A } & 100 & \$ 18 \\\hline \text { B } & 300 & 17 \\\hline \text { C } & 400 & 16 \\\hline \text { D } & 700 & 15 \\\hline\end{array}$$ Bidder A will receive _____ shares and pay a price per share of ____.Bidder C will receive no allocation.

• A)0; $0
• B)75; $17
• C)100; $17
• D)75; $16
• E)100; $18

---

Definitions:

Currency Format

A way of displaying numbers to represent monetary values, including symbols and decimal places relevant to a specific currency.

Currency Symbol

A graphic symbol used as a shorthand for a currency's name, particularly in relation to other currencies, such as the dollar sign ($), euro symbol (€), or yen symbol (¥).

Decimal Point

A dot (.) used to separate the whole number part from the fractional part of a number.

Data Type

A classification identifying one of various types of data, such as integer, floating-point, or string, that determines the possible values for that type, the operations that can be done on it, and the way it is stored.