Question

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

Price​ ($)	Number of Shares
14.00	180,000
13.80	280,000
13.60	520,000
13.40	1,200,000
13.20	1,200,000
13.00	860,000
12.8012.80	440 comma 000440,000

Assuming Roundtree would like to sell

2.182.18

million shares in its​ IPO, what will be the winning auction offer​ price?

The price will be

​$nothing

per share. ​ (Round to the nearest​ cent.)

Answer 1

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