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The Bidders in a Dutch auction are as follows: Bidder # of Shares Price A 60,000 $50.00 B 20,000 $80.00 C 30,000 $55.00 D 40,000

The Bidders in a Dutch auction are as follows:

Bidder # 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?

Question 2.17

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