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Could you please walk me through this problem:

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Could you please walk me through this problem:

The Cookie Co. would like to sell 500 shares of stock using the Dutch auction method. The bids received were Bidder A, 200 shares at $40; Bidder B, 300 shares at $39; Bidder C, 500 shares at $38; and Bidder D, 400 shares at $37. What will be the gross proceeds from this auction?

 
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