Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 160,000 13.80

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 160,000 13.80 240,000 13.60 500,000 13.40 1,150,000 13.20 13.00 12.80 1,240,000 880,000 460,000 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 533,000 shares (for a total of 2,633,000 Roundtree will raise a total amount of $ million. (Round to one decimal place.)

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