Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Price ($) Number of Shares
14.20 120,000
14.00 200,000
13.80 500,000
13.60 1,300,000
13.40 1,220,000
13.20 820,000
13.00 480,000
Assuming Roundtree would like to sell 2.12 million shares in its IPO, what will be the winning auction offer price?
The price will be $___ per share. ? (Round to the nearest cent.)