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michlee michlee
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Posts: 461
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4 years ago
Price ($)Number of Shares Bid
3.00100,000
3.25100,000
3.50150,000
3.75100,000
4.00  40,000
4.25  80,000
4.50 150,000
4.7565,000
Bejeweled, a chain of crafting shops, is selling 500,000 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?

▸ $3.50

▸ $4.25

▸ $4.75

▸ $3.75
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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Cass S.Cass S.
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Posts: 390
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4 years ago
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michlee Author
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#2
4 years ago
Helps a lot... Now I'm ready for my quiz
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