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Northern Air would like to sell 4,300 shares of stock using Dutch auction underwriting. The...

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Northern Air would like to sell 4,300 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity 900 B 1,000 1,400 D 1,600 E 1,800 Price $29.45 29.10 28.95 28.60 28.40 How much will the company raise in its offer? Ignore all flotation and transaction costs. Multiple Choice $124,485 $122,980 O $125,130 $173,355 O $126,635 O

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