Roundtree Software is going public using an auction IPO. The firm has received the following​ bids: Price​ ($) Number of

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Roundtree Software is going public using an auction IPO. The firm has received the following​ bids: Price​ ($) Number of

Post by answerhappygod »

Roundtree Software is going public using an auction IPO. Thefirm has received the following​ bids:
Price​ ($)
Number of Shares
15.00
  120,000
14.80
  240,000
14.60
  520,000
14.40
1,100,000
14.20
1,250,000
14.00
  860,000
13.80
  460,000
Roundtree had previously believed it wouldissue 2,000,000 ​shares; however, if Roundtree decides toissue an extra 494,000 shares​ (for a totalof 2,494,000 ​shares), how much total money willit​ raise? (Round to one decimal place)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply