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Abreen Inc. would like to sell 2700 shares of stock using Dutch auction underwriting. The bids received are: Bidder A B C D E Quantity

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Abreen Inc. would like to sell 2700 shares of stock using Dutch auction underwriting. The bids received are: Bidder A B C D E Quantity 400 500 900 1,100 1,300 Price $28.95 28.60 28.45 28.10 27.90 How much will the company raise in its offer? Ignore all flotation and transaction costs. Multiple Choice $96.445 $77,220 $76,815 $75,870 $78,165

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