Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 160,000 13.80 220,000 13.60 560,000 13.40 1,100,000 13.20 1,250,000 13.00 800,000 12.80 480,000 Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an 547,000 shares (for a total of 2,547,000 shares), how much total money will it raise? ... Roundtree will raise a total amount of $ million. (Round to one decimal place.)

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
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Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Price ($)
Number of Shares
14.00
160,000
13.80
220,000
13.60
560,000
13.40
1,100,000
13.20
1,250,000
13.00
800,000
12.80
480,000
Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extr
547,000 shares (for a total of 2,547,000 shares), how much total money will it raise?
...
Roundtree will raise a total amount of $ million. (Round to one decimal place.)
Transcribed Image Text:Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 160,000 13.80 220,000 13.60 560,000 13.40 1,100,000 13.20 1,250,000 13.00 800,000 12.80 480,000 Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extr 547,000 shares (for a total of 2,547,000 shares), how much total money will it raise? ... Roundtree will raise a total amount of $ million. (Round to one decimal place.)
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