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IPO H is an auction IPO seeking to issue 500 million shares. After soliciting bids from prospective investors for the price and number of shares

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IPO H is an auction IPO seeking to issue 500 million shares. After soliciting bids from prospective investors for the price and number of shares they'd buy (in millions), the following data is collected. At what price should IPO H offer its shares? $24 $23 $25 $22

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