TABLE 153
-Suppose That Magnum Opus Corporation Announces That It Intends

$$\begin{array} { c c c } \hline \text { Bidder } & \text { Bid per share } & \text { Shares } \\\hline \text { A } & \$ 50 & 5,000 \\\text { B } & \$ 45 & 10,000 \\\text { C } & \$ 40 & 40,000 \\\text { D } & \$ 40 & 25,000 \\\text { E } & \$ 35 & 10,000 \\\text { F } & \$ 30 & 15,000 \\\text { G } & \$ 20 & 35,000 \\\hline\end{array}$$ TABLE 15.3
-Suppose that Magnum Opus Corporation announces that it intends to go public by offering 100,000 shares using a multiple-item Dutch auction. Table 15.3 summarizes the offer price and number of shares of each bidder. The lowest bid per share that will dispose of the entire offering is:

A) $50
B) $40
C) $30
D) $20
E) None of the above.