Andrew bid $32.50 per share for 500 shares in a Dutch auction for Vargas Resorts shares of stock. The other bids were $33 for 200 shares, $32 for 600 shares, $35 for 100 shares, and $30 for 500 shares. Vargas was seeking to sell 1,000 shares. What price did Andrew pay for each share he purchased?

Answer rating: 100% (QA)

In a Dutch auction the price at which shares are sold is determined by the lowest price at which the ... View the full answer