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 100,000 280,000 540,000 1,200,000 1,280 000 840,000 460,000 Assuming Roundtree would like to sell 2 12 million shares in its IPO, what will be the winning auction offer price? The price will be $ per share (Round to the nearest cent)

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