Price$($$$)$ Number of Shares Bid

$6\mathrm{.}00100,000$

$6\mathrm{.}25200,000$

$6\mathrm{.}50450,000$

$6\mathrm{.}75100,000$

$7\mathrm{.}00350,000$

$7\mathrm{.}25175,000$

$7\mathrm{.}50375,000$

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 above. Which of the following is closest to the price at which the shares will be$$ offered?

Question content area bottom

Part $1$

A$.$

$$$$6\mathrm{.}25$

B$.$

$$$$7\mathrm{.}00$

C$.$

$$$$6\mathrm{.}60$

D$.$

$$$$6\mathrm{.}75$