Wellington Seafood Company would like to sell 4,000 shares of stock to acqure its competitor Kapiti Crab inc. The manager decides to use Dutch auction underwriting. The bids received are. Bidder Quantity Price
A 1100 $29.40 B 900 29.05 C 1,450 28.90 D 1,550 28.55 E 1,750 28.35 How much should bidder E need to pay for the allocated shares? A $24.915 OB.520.556 OC. 50 O D.520.453