Four analysts are examining an upcoming IPO for Modutek Ltd. (Ticker: MOK). Th...
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Four analysts are examining an upcoming IPO for Modutek Ltd. (Ticker: MOK).
Their valuations are as follows, along with your own impression of the reliability of their historical valuations of other IPOs.
Calculate the expected opening price. (Round your answer to two decimal places)
| Analyst | Valuation/share ($) | Historical reliability |
| Blue Analysts | 5.35 | Good |
| Green Analysts | 5.07 | Good |
| Red Analysts | 5.25 | Bad |
| Yellow Analysts | 5.79 | Good |
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