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Northern Air would like to sell 3,900 shares of stock using Dutch auction underwriting. The bids...

Northern Air would like to sell 3,900 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity PriceA 750 $29.30 B 850 28.95 C 1,250 28.80 D 1,450 28.45 E 1,650 28.25 How much will the company raise in its offer? Ignore all flotation and transaction costs. $110,955 $112,320 $114,270 $152,285 $112,905

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