Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 2.02 million shares

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 2.02

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 2.02 million shares in its IPO, what will be the winning auctior The price will be $ per share. (Round to the nearest cent.) Roundtree Software is going public using an auction IPO. The firm has received the following bids: Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 522,000 shares (for a total of 2,622,000 shares), how much total money will Roundtree will raise a total amount of $ million. (Round to one decimal place.)

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