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Northern Air would like to sell 2,100 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity Price A 250 $ 28.80

Northern Air would like to sell 2,100 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity Price A 250 $ 28.80 B 350 28.45 C 750 28.30 D 950 27.95 E 1,150 27.75 How much will the company raise in its offer? Ignore all flotation and transaction costs. Multiple Choice $59,745 $70,525 $59,430 $60,480 $58,695

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