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Spike Equino is the CEO of a private medical equipment company that is proposing to sell 100,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table. <image 1>. What will be the company's total receipts ($) from the sale if the auction is a discriminatory auction?


$6,590,000


Expected Answer: 7243000

Difficulty: Medium

Subfield: Corporate Finance

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Input ID
58641f65-4718-47d5-8b7c-254868505c91
Created
February 21, 2024
Permission
Public