The bidders in a Dutch auction are as follows Bidder Number
The bidders in a Dutch auction are as follows:
Bidder Number of shares Price
A 60,000 $50.00
B 20,000 $80.00
C 30,000 $55.00
D 40,000 $38.00
E 40,000 $42.00
F 40,000 $42.00
G 50,000 $35.00
H 50,000 $60.00
The number of shares being auctioned is 210,000. What is the price paid by investors? How many shares does each investor receive?
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