13 e Back Archive Es Move m Delete Spam Mon, Jun 29 at 11:27 AM david smith davidsmithpak@yahoo.com To: david smith Problem 18-01 Profit or Loss on New Stock Issue Security Brokers Inc. specializes in underwriting new issues by small firms. On a recent offering of Beedles Inc., the terms were as follows: Price to public: $5 per share Number of shares: 3 million Proceeds to Beedles $14,000,000 The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $300,000. What profit or loss would Security Brokers incur if the issue were sold to the public at the following average price? a. $5 per share? Use minus sign to enter loss, if any. b. $6.25 per share? Use minus sign to enter loss, if any, C. $4.25 per share? Use minus sign to enter loss, if any. Mad