Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids Price (5) Number of Shares 14.00 140,000 13.80 260,000

Roundtree Software is going public using an auction IPO. The firm has received the following bids Price (5) Number of Shares 14.00 140,000 13.80 260,000 13.60 580,000 13,40 1.150.000 13.20 1.240,000 13.00 860,000 12.80 420.000 Roundtree had previously believed it would issue 2,100,000 shares however, if Roundtree decides to issue an extra 529,000 shares (for a total of 2,629.000 shares how much total money will it raise? Roundtree will folie a total amount of $ 1 million (Round to one decimal place)

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