Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80

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 ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number of Shares 120,000 220,000 540,000 1,200,000 1,220,000 860,000 460,000 Assuming Roundtree would like to sell 2.08 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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