Moonlight is offering 1,100 shares in a Dutch auction IPO.The following bids have been received: 
How much will Moonlight receive from this offering if the underwriter's fee is 6.5 percent?
A) $12,905.75
B) $13,440.60
C) $15,184.25
D) $17,484.50
E) $19,095.30
Correct Answer:
Verified
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