Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.20 14.00 13.80 13.60 13.40 13.20 13.00

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.20 14.00 13.80 13.60 13.40 13.20 13.00 Number of Shares 160,000 240,000 540,000 1,200,000 1.280,000 840,000 420,000 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 514,000 shares (for a total of 2,614,000 shares), how much total money will it raise? Roundtree will raise a total amount of $ million. (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. All parts showing javascript:do Exercise(9): Clear All Check
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