TABLE 151
-Consider the Information Provided in Table 15

Multiple Choice

$$\begin{array} { c c c } \hline \text { Bidder } & \text { Bid per share } & \text { Shares } \\\hline \text { A } & \$ 100 & 100,000 \\\text { B } & \$ 90 & 200,000 \\\text { C } & \$ 75 & 300,000 \\\text { D } & \$ 50 & 200,000 \\\text { E } & \$ 40 & 300,000 \\\text { F } & \$ 30 & 100,000 \\\text { G } & \$ 25 & 50,000 \\\hline\end{array}$$ TABLE 15.1
-Consider the information provided in Table 15.1, which represents bids in a multiple-item Dutch auction in which the seller wishes to dispose 1 million shares. The lowest bid per share that will dispose of the entire offering is:

A) $30
B) $40
C) $50
D) $71
E) It will take more than one bidding round to dispose of the entire offering.