14. JupiterX (JX) went public and used the Dutch auction to set the offer price for 30 million shares. The following table gives the bidding. The stock traded at $100 at the end of trading on the first day. What is the percent underpricing? [ Reference: [Mod 5, Raising capital -IPOs mini-lecture] Bidder Price ($) Number of Shares (millions) B1 110 5 B2 90 10 B3 80 20 B4 75 30 A. 20.0% B. 25.0% C. 33.3% D. 67.7%