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Northern Air would like to sell 4,700 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity 1,000 1,100 1,500 1,700 E

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Northern Air would like to sell 4,700 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity 1,000 1,100 1,500 1,700 E 1,900 Price $29.55 29.20 29.05 28.70 28.50 How much will the company raise in its offer? Ignore all flotation and transaction costs

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