Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.60 140,000 14.40

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.60 140,000 14.40 220,000 14.20 540,000 14.00 1,200,000 13.80 1,300,000 13.60 13.40 820,000 460,000 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an

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