Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 140,000 13.80 220,000
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Price ($) | Number of Shares |
14.00 | 140,000 |
13.80 | 220,000 |
13.60 | 580,000 |
13.40 | 1,100,000 |
13.20 | 1,250,000 |
13.00 | 840,000 |
12.80 | 400,000 |
Roundtree had previously believed it would issue
2,000,000
shares; however, if Roundtree decides to issue an extra
456,000
shares (for a total of
2,456,000
shares), how much total money will it raise?
Roundtree will raise a total amount of
$enter your response here
million.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started