Question: 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

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 bes per share. (Round to two decimal places.)

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