Question
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.20 180,000 14.00 280,000
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
| Price ($) | Number of Shares |
| 14.20 | 180,000 |
| 14.00 | 280,000 |
| 13.80 | 500,000 |
| 13.60 | 1,150,000 |
| 13.40 | 1,240,000 |
| 13.20 | 880,000 |
| 13.00 | 420,000 |
Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 534,000 shares (for a total of 2,634,000 shares), how much total money will it raise?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
