ABC Company has decided to sell 1,500 shares of stock through a Dutch auction. The bids received

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ABC Company has decided to sell 1,500 shares of stock through a Dutch auction. The bids received are as follows: 600 shares at $36 a share, 800 shares at $35, 900 shares at $34, 200 shares at $33, and 100 shares at $32 a share.

How much will the company receive in total from selling the 1,800 shares?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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Posted Date: Jun 23, 2023 02:11 AM

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ABC Company has decided to sell 1,500 shares of stock through a Dutch auction. The bids received

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To determine the total amount the company will receive from selling the 1800 shares we need to calcu... View the full answer

Fundamentals of Corporate Finance

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