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Please show your work in Microsoft Excel . Below is a sample problem for reference. 9. Roundtree Software is going public using an auction IPO.

Please show your work in Microsoft Excel.

Below is a sample problem for reference.

9. Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 2.16 million shares in its IPO, what will be the winning auction offer price? The price will be $ per share. (Round to the nearest cent.) Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 2.06 million shares in its IPO, what will be the winning auction offer price? First, compute the cumulative total number of shares demanded at or above any given price: Number of Shares =125,000+265,000+545,000+1,125,000=2.06 million

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