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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.80 14.60 14.40 14.20 14.00 13.80 13.60
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.80 14.60 14.40 14.20 14.00 13.80 13.60 Number of Shares 180,000 200,000 580.000 1,000,000 1,260,000 820,000 480,000 Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extra 498,000 shares (for a total of 2,498,000 shares), how much total money will it raise? HD Roundtree will raise a total amount of $ million. (Round to one decimal place.)
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