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Harrison Products is selling 1 million shares of stock in an auction IPO. At the...

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Harrison Products is selling 1 million shares of stock in an auction IPO. At the end of the bidding period they have received the bids shown below. Which of the following is closest to the price at which the shares will be offered? Price ($) 6.00 6.25 6.50 6.75 7.00 7.25 7.50 Number of Shares Bid 100,000 200,000 450,000 200,000 350,000 200,000 250,000 $6.25 $6.60 $6.75 $7.00 $7.25

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