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7. Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) Number of Shares 14.00 100,000 13.80

7. Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) Number of Shares 14.00 100,000 13.80 200,000 13.60 500,000 13.40 1,000,000 13.20 1,200,000 13,00 800,000 12.80 400,000

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