Southaven Inc.is offering 1,000 shares in a Dutch auction IPO.The following bids have been received:
How much will the firm receive from this offering if the underwriter's fee is 7.5 percent?
A) $17,905.75
B) $19,440.60
C) $22,385.00
D) $27,484.50
E) $31,095.30
Correct Answer:
Verified
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