Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. roundtree software is going public using an auctio

Roundtree Software is going public using an auction IPO. The firm has received the following...

60.1K

Verified Solution

Question

Finance

image

Roundtree Software is going public using an auction IPO. The firm has received the following bids Price (S 14.20 14.00 13.80 13.60 13.40 13.20 13.00 Number of Shares 140,000 240,000 500,000 1,000,000 1,300,000 880,000 400,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 459,000 shares (for a total of 2,359,000 shares), how much total money will it raise? Roundtree will raise a total amount of Smillion. (Round to one decimal place.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students