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A company wants to sell one million shares in an IPO. It decides to use the Dutch auction approach. The bidders are shown in the

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A company wants to sell one million shares in an IPO. It decides to use the Dutch auction approach. The bidders are shown in the table that follows. In a Dutch auction approach, individuals and companies bid by indicating the number of shares they want and the price they are prepared to pay. Shares are first issued to the highest bidder, then to the next highest bidder, then to the highest bidder, and so on, until all the shares have been sold. The price paid by all successful bidders is the lowest bid that leads to a share allocation. Bidder Number of Shares Price Order A 100,000 $30.05 B 200,000 $28.00 50,000 $33.00 D 300,000 $29.00 E 150,000 $30.05 F 300,000 $31.50 G 400,000 $25.00 H 200,000 $30.25 Fill the order in which shares are allocated to bidder and provide a list of bidder to 1 whom shares are allocated. How many shares dos each investor receive? Determine the price paid by the investors on your short list

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