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The bidders in a Dutch auction are as follows: Bidder Number of shares A 60,000 B 20,000 C 30,000 D 40,000 E 40,000 F 40,000
The bidders in a Dutch auction are as follows:
Bidder Number of shares
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A 60,000
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B 20,000
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C 30,000
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D 40,000
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E 40,000
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F 40,000
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G 50,000
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H 50,000
Price
$50.00 $80.00 $55.00 $38.00 $42.00 $42.00 $35.00 $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?
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