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WAC Inc. is going public and issuing 500,000 shares of common stock. The capital raised...

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Accounting

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WAC Inc. is going public and issuing 500,000 shares of common stock. The capital raised in the IPO will fund the company's proposed expansion. Dutch auction is used to allocate shares in the WAC IPO. The following table shows the number of shares requested by potential investors in each What should be the firm's IPO offer price? $59 $54 $61 $56

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