Roundtree Software is going public using an auction IPO. The firm has received the following...
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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 Number of Shares 100,000 200,000 580,000 1,300,000 1,200,000 860,000 460,000 14.40 14.20 14.00 13.80 Assuming Roundtree would like to sell 2.18 million shares in its IPO, what will be the winning auction offer price? The price will be $ per share. (Round to the nearest cent.)
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