Question: SC Software is going public using an auction IPO. The firm has received the following bids. Price ($) Number of Shares Bid 15.00. 120,000 14.80.

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

Price ($) Number of Shares Bid 15.00. 120,000 14.80. 200,000 14.60. 560,000 14.40. 1,000,000 14.20. 1,260,000 14.00. 800,000 13.80. 460,000

SC had previously believed it would issue 1,900,000 Shares, however, if SC decides to issue an extra 542,000 Shares (for a total of 2,442,000 shares),

SC Software is going public using an auction IPO. The firm has

how much total money will it raise?

I need step by step explanation plus answer thanks.

cauan 3) SC Software is going public using an auction IPO. The firm has received the following bids! - Price ($) Number of Shares Bid 15.00 120,000 14.80 200,000 14.60 560,000 14.40 1,000,000 14.20 1,260,000 14.00 800,000 460,000 13.80 SC had previously believed it would issue 1,900,000 shares, however, if SC decides to issue an extra 542,000 shares (for a total of 2,442,000 shares), how much total money will it raise

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