Roundtree Software is going public using an auction IPO. The firm has received the following...
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Accounting
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Price ($)
Number of Shares
15.00
160,000
14.80
280,000
14.60
500,000
14.40
1,100,000
14.20
1,250,000
14.00
800,000
13.80460,000
Roundtree had previously believed it would issue 2,000,000
shares; however, if Roundtree decides to issue an extra
480,000 shares (for a total of 2,480,000 shares), how much total money will it raise?
Roundtree will raise a total amount of $___________million.(Round to one decimal place.)
Question: 1 pt 6 or 6 This Quiz: 6 pts Indtree Sonware is gong pupic using an auction IFU. Ihe trm has receved the toinwing bids: Number of Shares Price (5) 15.00 14.80 14.60 14.40 14 20 160,000 00 1,100 000 ,250 000 800,000 460,000 14.00 13.80 Roundtree had previously teiered t wold is sue 2000,00 shares, howewer, #Roundree decides to insue an extra 490,000 shares Ifor a total of 2,20,000 share how much total roney wll it raise? Roundree wil raice a total amount ofmition Round to one decimal place) Enter your aryswer in the arvswer box Save tor LMe
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