Determining fair division

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Reference no: EM13118137

Jack and Jill went up the hill and found that their grandmother had died. She left them in her will only one possession: an antique water pail. Jack and Jill must now make a fair division of the pail using the Knaster inheritance procedure. Jack bids 86 dollars for the pail and Jill bids 40 dollars. Jack gets the pail and has to pay how much money?

Reference no: EM13118137

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