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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

  1. A 60,000

  2. B 20,000

  3. C 30,000

  4. D 40,000

  5. E 40,000

  6. F 40,000

  7. G 50,000

  8. 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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