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5 . The following bids are made in a Dutch auction for 1 8 0 , 0 0 0 shares: Bidder Number of Shares Price

5. The following bids are made in a Dutch auction for 180,000 shares:
Bidder Number of Shares Price
A 50,000 $55
B 30,000 $75
C 40,000 $60
D 60,000 $45
E 50,000 $50
F 20,000 $47
What is the price paid by investors, and how many shares does each bidder receive?

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