Harrison Products Is Selling 1 Million Shares in an Auction

question 80

Multiple Choice

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

• A) $6.60
• B) $6.75
• C) $7.00
• D) $6.25

---

Definitions:

Graphic Highlighting

The use of visual elements such as bold colors, shapes, or lines to draw attention to specific parts of a text or image.

Multiple Topics

Covering or involving various subjects or themes, especially within a conversation or a single piece of writing.

Voice Mail Communication

The exchange of spoken messages through a digital voicemail system, allowing individuals to leave and retrieve messages.

Cellphone Communication

The process of exchanging information between individuals through the use of mobile phones.