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Northern Air would like to sell 2,300 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity Price A 300 $
Northern Air would like to sell 2,300 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity Price A 300 $ 28.85 B 400 28.50 C 800 28.35 D 1,000 28.00 E 1,200 27.80 How much will the company raise in its offer? Ignore all flotation and transaction costs. $65,205 $79,135 $64,400 $65,550 $66,355 9
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