Question: Question 15 Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 2.24

Question 15

Question 15 Roundtree Software is going public using an auction IPO. The

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 2.24 million shares in its IPO, what will the winning auction offer price be? The price will be $ per share. (Round to two decimal places.)

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