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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 compary's proposed expansion. A

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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 compary's proposed expansion. A 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 row. What should be the firm's IPO offer price? $52 $50 $51 $49

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