Northern Air would like to sell 4,900 shares of stock using Dutch auction underwriting. The...
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Northern Air would like to sell 4,900 shares of stock using Dutch auction underwriting. The bids received are: Bidder Quantity A 1,050 B 1,150 1,550 D 1,750 E 1,950 Price $29.60 29.25 29.10 28.75 28.55 How much will the company raise in its offer? Ignore all flotation and transaction costs
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