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Felicity Industries Is Selling 2 Million Shares of Stock in an Auction

Question 54

Multiple Choice

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? A) $5.00 B) $5.25 C) $5.75 D) $6.00
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?


A) $5.00
B) $5.25
C) $5.75
D) $6.00

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