Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 1.94 million shares

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 1.94 million shares in its IPO, what will the winning auction offer price be? The price will be $ per share. (Round to two decimal places.)

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