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Programmers, Inc. is selling 1,500 shares of stock through a Dutch auction. The bids they received are:
| Bidder | Quantity | Price |
| A | 200 | $48 |
| B | 700 | $46 |
| C | 500 | $42 |
| D | 1,100 | $40 |
| E | 1,500 | $39 |
How much cash will Programmers, Inc. receive from selling these shares of stock? Ignore all transaction and flotation costs.
Select one:
a. $72,000
b. $60,000
c. $58,500
d. $66,800
e. $63,000
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