Question: S Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.60 140,000 14.40

S Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.60 140,000 14.40 240,000 14.20 560,000 14.00 1,200,000 13.80 1,250,000 13.60 840,000 13.40 480,000 G P N Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra Roundtree will raise a total amount of million. (Round to one decimal place.) MucO JUILVIO 13 yunty puun uonty C QULLUTU. HOTTICO CUOIVOU LID TUHUVITY VIVO. S Price ($) 14.60 14.40 14.20 14.00 13.80 13.60 13.40 Number of Shares 140,000 240,000 560,000 1,200,000 1,250,000 840,000 480,000 G P N Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 537,000 shares (for a total of 2,637,000 shares), how much total money will it raise? Roundtree will raise a total amount of $ million. (Round to one decimal place.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
