TABLE 152
-Consider the Information Provided in Table 15

Multiple Choice

$$\begin{array} { c c c } \text { Bidder } & \text { Bid per share } & \text { Shares } \\\hline \text { A } & \$ 70 & 200,000 \\\text { B } & \$ 50 & 50,000 \\\text { C } & \$ 45 & 50,000 \\\text { D } & \$ 40 & 100,000 \\\text { E } & \$ 35 & 50,000 \\\text { F } & \$ 30 & 100,000 \\\text { G } & \$ 20 & 100,000 \\\hline\end{array}$$ TABLE 15.2
-Consider the information provided in Table 15.2, which represents bids in a multiple-item Dutch auction in which the seller wishes to dispose 500,000 shares. The lowest bid per share that will dispose of the entire offering is:

A) $30
B) $40
C) $45
D) $50
E) $70