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: 1. Sampras Inc. is going public and issuing 150,000... common stock... The capital raised in the IPO will be used to fundthe company's proposed expansion. A dutch auction is being used toallocate shares in the Sampras IPO. The bids for shares are shownbelow:

Number of shares requested price 50,000 100,000 150,000 200,000 250,000 300,000

Price $64 $62 $60 $58 $56 $54

What should the firm's IPO offer price be?

a. $59 b. $56 c. $61 d. $60 e. $62