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Problem 4 (10 marks) Blossom Inc. is offering 1,320 shares of stock in a Dutch auction. The bids include: Bidder , B Quantity 300 500

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Problem 4 (10 marks) Blossom Inc. is offering 1,320 shares of stock in a Dutch auction. The bids include: Bidder , B Quantity 300 500 650 Price $16 $22 $20 FINA3361 SSI2021 A4 Pag $18 D 200 E 350 $21 a) How much cash will Blossom receive from selling these shares? Ignore all transactio and flotation costs. Show your work. (4 marks) b) How many shares will each bidder receive? (6 marks)

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