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 100,000 200,000 500,000 1,300,000 1,220,000 840,000 440,000 Assuming Roundtree would like to sell 2.10 million shares in its IPO, what will be the winning auction offer price? ces The price will be sper share. (Round to the nearest cent.)

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