Newton Water Works Would Like to Sell 800 Shares of Stock

question 15

Multiple Choice

Newton Water Works would like to sell 800 shares of stock using a Dutch auction.The bids received are as follows: Bidder A: 100 shares at $26;Bidder B: 300 shares at $25;Bidder C: 200 shares at $25;Bidder D: 300 shares at $24;and Bidder E: 800 shares at $20.Bidder C will be able to purchase _____ shares at a price per share of ____.

• A)800;$20
• B)24;$26
• C)24;$25
• D)178;$25
• E)178;$24

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Definitions:

New Spain

A colonial territory of the Spanish Empire in the New World from the 16th to the 19th century, covering areas of what are now Mexico, the Western United States, Central America, and parts of the Caribbean.

Slavery in Europe

A historical situation where individuals were owned, bought, and sold by others as property, practiced across the continent, especially prominent until the 18th century.

Sub-Saharan Africa

The area of the African continent that lies south of the Sahara Desert, characterized by diverse cultures, languages, and ecosystems.

European Explorers

Individuals from European countries who embarked on voyages during the Age of Exploration to discover new lands, trade routes, and resources.