Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids Price ($) 14.20 14.00 13.80 13.60 13.40 13.20 13.00

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 ($) 14.20 14.00 13.80 13.60 13.40 13.20 13.00 Number of Shares 180,000 200,000 520,000 1,300,000 1,240,000 820,000 480,000 Assuming Roundtree would like to sell 2.20 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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