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Northern Air would like to sell 5,300 shares of stock using Dutch auction underwriting. The bids received are: Bidder IOW Quantity 1,150 1,250 1,650 1,850

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Northern Air would like to sell 5,300 shares of stock using Dutch auction underwriting. The bids received are: Bidder IOW Quantity 1,150 1,250 1,650 1,850 2,050 Price $29.70 29.35 29.20 28.85 28.65 0 How much will the company raise in its offer? Ignore all flotation and transaction costs. Multiple Choice o $218,555 o $155,555 o $152,905 o $157410 o $154,760

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