Chain of crafting shops, Bejeweled, a chain of crafting

Chain of crafting shops

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Reference no: EM13917518

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?

A. $3.75

B. $4.25

C. $4.75

D. $3.50

Reference no: EM13917518

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