Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Hi there sir thanks really appreciate your help
Transcribed Image Text:Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Number of Shares
160,000
260,000
580,000
1,300,000
1,240,000
880,000
480,000
Assuming Roundtree would like to sell 2.30 million shares in its IPO, what will the winning auction offer price be?
Price
$15.00
14.80
14.60
14.40
14.20
14.00
13.80
The price will be $
per share. (Round to two decimal places.)
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