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Northern Air would like to sell 3,700 shares of stock using Dutch auction underwriting. The bids received are: Bidder A B D Quantity 700 800

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Northern Air would like to sell 3,700 shares of stock using Dutch auction underwriting. The bids received are: Bidder A B D Quantity 700 800 1,200 1.400 1,600 Price $29.25 28.90 28.75 28.40 28.20 How much will the company raise in its offer? Ignore all flotation and transaction costs. O $108,225 $106.930 $143.415 $106.375 $105,080

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