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Northern Air would like to sell 4,100 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity 800 900 1,300 1,500 1,700

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Northern Air would like to sell 4,100 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity 800 900 1,300 1,500 1,700 Price $29.35 29.00 28.85 28.50 28.30 How much will the company raise in its offer? Ignore all flotation and transaction costs. Multiple Choice O $118.900 $120.335

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