Santana Solar Systemsis offering 1,000 shares in Dutch aucti

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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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