Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 140,000 13.80 220,000

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

Price ($)

Number of Shares

14.00

140,000

13.80

220,000

13.60

580,000

13.40

1,100,000

13.20

1,250,000

13.00

840,000

12.80

400,000

Roundtree had previously believed it would issue

2,000,000

shares; however, if Roundtree decides to issue an extra

456,000

shares (for a total of

2,456,000

shares), how much total money will it raise?

Roundtree will raise a total amount of

$enter your response here

million.

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