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Becker Brothers is the managing underwriter for a 1.45-million-share issue by Jay's Hamburger Heaven. Becker Brothers is handling 12 percent of the issue. Its price

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Becker Brothers is the managing underwriter for a 1.45-million-share issue by Jay's Hamburger Heaven. Becker Brothers is "handling" 12 percent of the issue. Its price is exist23 per share and the price to the public is exist29.00. Becker also provides the market stabilization function. During the issuance, the market lot the stack turned slot, and Becker is forced to purchase 50,000 shares in the open market at an average price of exist28.50. They later sell the shares at an average value of exist28.10. Commute Becker Brothers' overall gain or loss from managing the issue. Gain or Loss

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