$$\begin{array}{l}
\text { Price (\$) }&\text{Number of Shares Bid }\\hline
5.00 & 600,000 \
5.25 & 700,000 \
5.50 & 850,000 \
5.75 & 800,000 \
6.00 & 650,000 \
6.25 & 400,000 \
6.50 & 150,000
\end{array}$$ Felicity Industries is selling 2 million shares 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?

Question

Quizplus · Accepted Answer

The Answer of $$\begin{array}{l}
\text { Price (\$) }&\text{Number of Shares Bid }\\hline
5.00 & 600,000 \
5.25 & 700,000 \
5.50 & 850,000 \
5.75 & 800,000 \
6.00 & 650,000 \
6.25 & 400,000 \
6.50 & 150,000
\end{array}$$ Felicity Industries is selling 2 million shares 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?

Felicity Industries Is Selling 2 Million Shares in an Auction