Roundtree Software is going public using an auction IPO. The firm has received the following? bids:
Price? ($) Number of Shares
14.60 140,000
14.40 280,000
14.20 540,000
14.00 1,200,000
13.80 1,240,000
13.60 860,000
13.40 440,000
Assuming Roundtree would like to sell 2.16 million shares in its? IPO, what will be the winning auction offer? price?
The price will be ?$ per share. ? (Round to the nearest? cent.)