Question: 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

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 1,100,000 1,250,000 820.000 460,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 450,000 shares (for a total of 2,350,000 shares), how much total money will it raise? Roundtree will raise a total amount of million. (Round to one decimal place.) Help me solve this View an example Ask my instructor Clear all Check
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