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Author Question: Price ($)Number of Shares Bid3.00100,0003.25100,0003.50150,0003.75100,0004.00 40,0004.25 80,0004.50 ... (Read 141 times)

nenivikky

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  • Posts: 516
on: Jul 9, 2019
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
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by nenivikky on Jul 9, 2019

Melissahxx

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nenivikky

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Reply 2 on: Jul 9, 2019
:D TYSM

sailorcrescent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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