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wrote...
Posts: 186
A month ago
Price ($)Number of Shares Bid
5.00600,000
5.25700,000
5.50850,000
5.75800,000
6.00650,000
6.25400,000
6.50150,000
Felicity Industries is selling 2 million shares of stock in an auction IPO. At the end of the bidding period they have received the bids shown above. Which of the following is closest to the price at which the shares will be offered?

▸ $6.00

▸ $5.25

▸ $5.75

▸ $5.00
Textbook 

Fundamentals of Corporate Finance

Edition: 2nd
Authors:
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Answer verified by a subject expert
wrote...
Posts: 248
A month ago
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$5.75
1
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wrote...
A month ago
Exactly what I needed for my project, TYSM
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