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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $14.00 100,000 13.80 280,000 13.60

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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $14.00 100,000 13.80 280,000 13.60 580,000 13.40 1,300,000 13.20 1,220,000 13.00 860,000 12.80 480,000 Assuming Roundtree would like to sell 2.26 million shares in its IPO, what will the winning auction offer price be? The price will be $1 per share. (Round to two decimal places.) Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $14.00 100,000 13.80 280,000 13.60 580,000 13.40 1,300,000 13.20 1,220,000 13.00 860,000 12.80 480,000 The price will be $per share. (Round to two decimal places.)

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