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How much will the firm receive from this offering

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Reference no: EM132863547

Question - Southaven, Inc., is offering 1,000 shares in a Dutch auction IPO. The following bids have been received:

Bidder

Quantity

Price

A

300

$25

B

200

25

C

500

22

D

400

21

E

200

20

Required - How much will the firm receive from this offering if the underwriter's fee is 7.5%?

Reference no: EM132863547

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