Question: Roundtree Software is going public using an auction IPO. The firm has received the following? bids: Price? ($) Number of Shares 15.00 ??100,000 14.80 ??260,000

Roundtree Software is going public using an auction IPO. The firm has received the following? bids:

Price? ($)

Number of Shares

15.00

??100,000

14.80

??260,000

14.60

??560,000

14.40

1,150,000

14.20

1,240,000

14.00

??840,000

13.80

??440,000

Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 520,000 shares? (for a total of 2,620,000

shares), how much total money will it? raise?

Roundtree will raise a total amount of $----- million.

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