In a Dutch auction, the number of shares being auctioned is 210,000. The bidders are as follows:
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Question:
In a Dutch auction, the number of shares being auctioned is 210,000. The bidders are as follows: | ||||
Bidder | Number of Shares | Price ($s) | ||
A | 40 000,000 | 57,00 | ||
B | 50 000,000 | 87,00 | ||
C | 50 000,000 | 62,00 | ||
D | 40 000,000 | 45,00 | ||
E | 40 000,000 | 49,00 | ||
F | 60 000,000 | 49,00 | ||
G | 20 000,000 | 42,00 | ||
H | 30 000,000 | 67,00 | ||
a. What's the price paid by the investors? | ||||
b, How many shares does each investor receive? |
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