Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $14.80 140 comma 000 14.60

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $14.80 140 comma 000 14.60 240 comma 000 14.40 520 comma 000 14.20 1 comma 100 comma 000 14.00 1 comma 280 comma 000 13.80 820 comma 000 13.60 480 comma 000 Assuming Roundtree would like to sell 2.00 million shares in its IPO, what will the winning auction offer price be?

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