Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.00 13.80 13.50 13.40 13.20 13.00 1280

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.00 13.80 13.50 13.40 13.20 13.00 1280 Number of Shares 160.000 220,000 520.000 1,100,000 1,300,000 880,000 460,000 Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extra 514,000 shares (for a total of 2,514,000 shares), Roundtree will raise a total amount of million (Round to one decimal place)

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