Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids Price (S) 14.60 14.40 14.20 14.00 13.80 13.60 13.40

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 (S) 14.60 14.40 14.20 14.00 13.80 13.60 13.40 Number of Shares 140,000 240,000 540,000 1,300,000 1,200,000 840,000 420,000 Assuming Roundtree would like to sell 2.22 million shares in its IPO, what will be the winning auction offer price? The price will be $L per share. (Round to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.60 14.40 14.20 14.00 13.80 13.60 13.40 Number of Shares 180,000 260,000 500,000...

Please help me answer the following question with clear answers only if you know how to solve it. I posted it before and the answer was incorrect. Thank you = Homework: Lab #6 HW Score: 85%, 34 of 40...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.60 14.40 14.20 14.00 13.80 13.60 13.40 Number of Shares 100,000 220.000 500,000...

Roundtree Software is going public using an auction IPO The firm has received the following bids Price ($) 14.60 14.40 14.20 14.00 13.80 13.60 13.40 Number of Shares 100,000 280,000 540,000 1,200,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.60 14.40 14.20 14.00 13.80 13.60 13.40 Number of Shares 180,000 260,000 520,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.60 14.40 14.20 14.00 13.80 13.60 13.40 Number of Shares 100,000 200,000 500,000...

Please help me answer the following question with clear answers. Thank you = Homework: Lab #6 Question 11, Problem 14-8 > HW Score: 77.5%, 31 of 40 points O Points: 0 of 2 Save Roundtree Software is...

Please help me answer the following question. I have posted it before but the answer was incorrect so please provide a new answer. Thank you III = Homework: Lab #6 Question 11, Problem 14-8 HW Score:...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares Price ($) 14.00 13.80 13.60 13.40 100,000 200,000 500,000 1,000,000 1,200,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 13.80 13.60 13.40 160,000 240,000 580,000 1,100,000 1,280,000...

Vulture Ltd sells and supplies security and surveillance equipment and other spyware and also provides related services. The accountant of Vulture Ltd is currently preparing its financial reports for...

Find the value of the determmant :- D = 2 -3 3 3 l D=-3 2. D= 3 3. D =-1 4. D= 5 5. D= 1

Which is the following best illustrates the wealth effect? Question 1 5 options: a ) Margaret had her savings in Treasury bonds. She thought that stocks might offer her a better opportunity to...

Kara George received a $17,000 gift for graduation from her uncle. If she deposits this in an account paying 5 percent, what will be the value of this gift in 11 years? Use Exhibit 1-A. (Round time...

4. What assumptions about a rivals response to price changes underlie the kinked-demand curve for oligopolists? Why is there a gap in the oligopolists marginal-revenue curve? How does the...

2. Answer the following questions, which relate to measures of concentration: LO14.1 a. What is the meaning of a four-firm concentration ratio of 60 percent? 90 percent? What are the shortcomings of...

3. Explain the general meaning of the profit payoff matrix below for oligopolists X and Y. All profit figures are in thousands. LO14.2 a. Use the payoff matrix to explain the mutual interdependence...