27.
Garden Veggies would like to sell 1,500 shares of stock using a Dutch auction. The bids
received are as follows:
Bidder Quantity Price
A 200 $39
B 400 38
C 600 37
D 900 36
What is the total amount the issuer will receive from this auction? Ignore costs.
$58,500
$54,000
$56,500
$57,600
$51,000