Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.60 140 comma 000

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

Price ($)

Number of Shares

14.60

140 comma 000

14.40

220 comma 000

14.20

540 comma 000

14.00

1 comma 200 comma 000

13.80

1 comma 240 comma 000

13.60

860 comma 000

13.40

400 comma 000

Assuming Roundtree would like to sell

2.10

million shares in its IPO, what will be the winning auction offer price?

The price will be

$nothing

per share. (Round to the nearest cent.)

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