Graham & Harvey Inc. are issuing shares through a Dutch Auction. They will

auction $7,000,000$ shares in the issue.

They have received six sealed bids. The results, sorted by bid price, are shown

below.

Given the price that the shares will be sold at based on the bids, what is the

pro rata portion of shares that each of the winning bidders will receive for the

number of shares they bid?

$93\mathrm{.}46\%$

$87\mathrm{.}34\%$

$51\mathrm{.}89\%$

$85\mathrm{.}37\%$

$100\mathrm{.}00\%$