What is the “WAP” and how do I bid on a seat offered at the WAP price?
When seats are added to a section, these new seats are offered by the Graduate Division at the weighted average clearing price or “WAP” of the course in preceding rounds (the weights being the trading volume in rounds). When a course is offered at the weighted average clearing price, all bids for the round in which the extra seats are offered must be equal to or greater than the amount of the WAP in order for the bids for these seats to be successful. Check the research icon of the auction interface and click on “data”; the WAP is shown in the final column of the displayed table.
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- What is the "WAP" and how do I bid on a seat offered at the WAP price?
