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Northern Air would like to sell 5,900 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity 1,300 1,400 1,800 2,000 2,200

Northern Air would like to sell 5,900 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity 1,300 1,400 1,800 2,000 2,200 Price $29.85 29.50 29.35 29.00 28.80 How much will the company raise in its offer? Ignore all flotation and transaction costs. Multiple Choice $173,165 $246,035 $176,115 Multiple Choice $173,165 $246,035 $176,115 $171,100 $174,050

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