# Question

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?

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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