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Santana Solar Systemsis offering 1,000 shares in Dutch auction IPO
Santana Solar Systemsis offering 1,000 shares in Dutch auction IPO. The following bids have been received: Bidder Quantity Price
A 400 $20
B 400 19
? 300 18
D 200 17
a. How much will Bidder A have to spend to purchase all of the shares that have been allocated to her?
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