Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price $14.00 13.80 13.60 13.40 13.20 Number of Shares

Roundtree Software is going public using an auction IPO. The firm

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price $14.00 13.80 13.60 13.40 13.20 Number of Shares 100,000 200,000 500,000 1,000,000 1,200,000 800,000 400,000 13.00 12.80 Assuming Roundtree would like to sell 1.80 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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