Blackwell United would like to sell an additional 800 shares ofstock using the D

Question

Blackwell United would like to sell an additional 800 shares ofstock using the Dutch auction method. The bids received are asfollows:
Bidder Quantity    Price A    200   $34 B    400 $32 C    300 $31 D    900 $30
Bidder C will receive _____ shares at a price of _____each.
a. 300 / $31 b. 300 / $34 c. 267 / $32.33 d. 300 / $32.33 e. 267 / $31.00
Bidder Quantity    Price A    200   $34 B    400 $32 C    300 $31 D    900 $30
Bidder C will receive _____ shares at a price of _____each.
a. 300 / $31 b. 300 / $34 c. 267 / $32.33 d. 300 / $32.33 e. 267 / $31.00

Explanation / Answer

a.) 300 / $31

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