DT Metals Is Offering 700 Shares in a Dutch Auction

question 36

Multiple Choice

DT Metals is offering 700 shares in a Dutch auction IPO. The following bids have been received: What will the gross proceeds be for this offering?

• A) $12,000
• B) $12,600
• C) $13,200
• D) $13,300
• E) $14,700

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