Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.20 140,000 14.00 260,000

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.20 140,000 14.00 260,000 13.80 500,000 13.60 1,200,000 13.40 1,260,000 13.20 860,000 13.00 420,000 Roundtree had previously believed it would issue 2,100,000 shares; halvever, if Roundtree decides to issue an extra 527,000 shares (for Roundtree will raise a total amount of $ 62,5 million (Round to one decimal place.) Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 527,000 shares (for a total of 2,627,000 shares), how much total money will it raise? 1 Roundtree will raise a total amount of $ 62.5 million (Round to one decimal place.)
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