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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares 160,000 260,000 580,000 1,300,000 1,240,000 880,000 480,000 Price $15.00 14.80 14.60 14.40 14.20 14.00 13.80 Assuming Roundtree would like to sell 2.30 million shares in its IPO, what will the winning auction offer price be?

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares 160,000 260,000 580,000 1,300,000 1,240,000 880,000 480,000 Price $15.00 14.80 14.60 14.40 14.20 14.00 13.80 Assuming Roundtree would like to sell 2.30 million shares in its IPO, what will the winning auction offer price be?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Hi there sir thanks really appreciate your help

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares 160,000 260,000 580,000 1,300,000 1,240,000 880,000 480,000 Assuming Roundtree would like to sell 2.30 million shares in its IPO, what will the winning auction offer price be? Price $15.00 14.80 14.60 14.40 14.20 14.00 13.80 The price will be $ per share. (Round to two decimal places.)
Transcribed Image Text:Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares 160,000 260,000 580,000 1,300,000 1,240,000 880,000 480,000 Assuming Roundtree would like to sell 2.30 million shares in its IPO, what will the winning auction offer price be? Price $15.00 14.80 14.60 14.40 14.20 14.00 13.80 The price will be $ per share. (Round to two decimal places.)
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