$$\begin{array} { c c }
\text { Price (\$) } & \text { Number of Shares Bid } \
\hline 6.00 & 100,000 \
6.25 & 200,000 \
6.50 & 450,000 \
6.75 & 200,000 \
7.00 & 350,000 \
7.25 & 200,000 \
7.50 & 250,000
\end{array}$$ Harrison Products is selling 1 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

$$\begin{array} { c c } 
\text { Price (\$) } & \text { Number of Shares Bid } \
\hline 6.00 & 100,000 \
6.25 & 200,000 \
6.50 & 450,000 \
6.75 & 200,000 \
7.00 & 350,000 \
7.25 & 200,000 \
7.50 & 250,000
\end{array}$$ Harrison Products is selling 1 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?

Quizplus · Accepted Answer

The Answer of $$\begin{array} { c c } 
\text { Price (\$) } & \text { Number of Shares Bid } \
\hline 6.00 & 100,000 \
6.25 & 200,000 \
6.50 & 450,000 \
6.75 & 200,000 \
7.00 & 350,000 \
7.25 & 200,000 \
7.50 & 250,000
\end{array}$$ Harrison Products is selling 1 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?

Harrison Products Is Selling 1 Million Shares in an Auction