Question: make final answer clear please Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (s) Number of
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (s) Number of Shares 14.60 160,000 14.40 200,000 14.20 560,000 14.00 1,000,000 13.80 1,300,000 13.60 880,000 13.40 420,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 515,000 shares (for a total of 2,415,000 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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