Diaz & Diaz is selling 1,500 shares of stock through a Dutch auction. The bids...
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Diaz & Diaz is selling 1,500 shares of stock through a Dutch auction. The bids received are as follows: 200 shares at $17 per share, 400 shares at $15 per share, 700 shares at $14 per share, 400 shares at $13 per share, and 200 shares at $11 per share. How much cash will the company receive from selling these shares of stock? Ignore all transaction and flotation costs.
$22,000
$19,500
$23,000
$24,500
$20,200
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