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AlrBnB would like to sell 5,500 shares of stock using Dutch auction underwriting. AlrBnB received the following bids: Bidder 49UA 14 Quantity 1,200 1,300 1,700

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AlrBnB would like to sell 5,500 shares of stock using Dutch auction underwriting. AlrBnB received the following bids: Bidder 49UA 14 Quantity 1,200 1,300 1,700 1,900 2,100 Price $29.75 29.40 29.25 28.90 28.70 How much will the company raise in its offer? Ignore all flotation and transaction costs. Multiple Choice $158,950 $163,625 $227.685 $161,700

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