Problem #2 (9 marks) Johnson Industries is in the process of raising new funds via a Dutch auction. They would like to sell 450 shares to the public. Johnson Industries has received the following five bids: Bidder A Quantity 100 B 200 C 100 D 200 50 Price $13.50 $15.50 $16.50 $14.50 $12.50 E a) What would be the offering price of the new shares if the company is to achieve its goal of selling 400 shares? (2 marks) b) How much money will Johnson Industries be able to raise through the Dutch auction? (2 marks) How many shares will bidders A, B, C, D, and E receive? (5 marks) c) Problem 3 (14 marks): Answer the following questions regarding Bumble stock (BMBL), a publicly traded company listed on the Nasdaq: a) When did the company go public and who were the lead underwriters? (2 marks) b) What was the IPO offering price per share? (1 mark) c) What was the opening price and what was the closing price on the opening day? (2 marks) d) BMBL was able to sell 50 million shares at the IPO price. If underwriting fees amounted to $62 million, calculate the percentage spread charged by the underwriters. (2 marks) e) How much money was "left on the table" ($ amount of underpricing)? (2 mark)