Question: point(s) possible Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 120,000

point(s) possible Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 120,000 13.80 220,000 13.60 580,000 13.40 1,000,000 13.20 1,280,000 13.00 820,000 12.80 400,000 Assuming Roundtree would like to sell 1.92 million shares in its IPO, what will be the winning auction offer price? The price will be $ per share. (Round to the nearest cent.) Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 120,000 13.80 220,000 13.60 580,000 13.40 1,000,000 13.20 1,280,000 13.00 820,000 12.80 400,000 Assuming Roundtree would like to sell 1.92 million shares in its IPO, what will be the winning auction offer price? The price will be $ per share. (Round to the nearest cent.)

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