Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids Price ($)Number of Shares 15.00 14.80 14.60 14.40 14.20

Roundtree Software is going public using an auction IPO. The firm

has received the following bids Price ($)Number of Shares 15.00 14.80 14.60

Roundtree Software is going public using an auction IPO. The firm has received the following bids Price ($)Number of Shares 15.00 14.80 14.60 14.40 14.20 14.00 13.80 160,000 240,000 540,000 1,000,000 1,240,000 820,000 460,000 Assuming Roundtree would like to sell 1.94 million shares in its IPO, what will be the winning auction offer price? The price will be s per share. (Round to the nearest cent.)

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