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Programmers, Inc

Question 43

Multiple Choice

Programmers, Inc. is selling 1,500 shares of stock through a Dutch auction. The bids they received are: Programmers, Inc. is selling 1,500 shares of stock through a Dutch auction. The bids they received are: How much cash will Programmers, Inc. receive from selling these shares of stock? Ignore all transaction and flotation costs. A) $58,500 B) $60,000 C) $63,000 D) $66,800 E) $72,000 How much cash will Programmers, Inc. receive from selling these shares of stock? Ignore all transaction and flotation costs.


A) $58,500
B) $60,000
C) $63,000
D) $66,800
E) $72,000

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