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Alex Bid $24 a Share for 500 Shares in a Dutch

Question 13

Multiple Choice

Alex bid $24 a share for 500 shares in a Dutch auction for ABC shares of stock.The other bids were $25 for 200 shares,$23 for 600 shares,$26 for 100 shares,and $22 for 500 shares.ABC was seeking the sale of 1,000 shares.What price did Alex have to pay for each share he obtained?


A) $26
B) $25
C) $24
D) $23
E) $22

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