Deere and Bros. is a broker that brings new issues of small firms to the public market. Its most recent deal for Cullumber, Inc., had the following characteristics: Number of shares: 1,400,000 Proceeds to Cullumber: $13,900,000 Price to public: $15 per share The legal fees were $153,000, printing costs were $56,500, and all the other expenses were $70,000. What is the profit or loss for Deere and Bros.? Profit /(Loss) $ Wildhorse Technologies agreed to complete its IPO on a best-effort basis. The company's investment bank demanded a spread of 13 percent of the offer price, which was set at $34 per share. Three million shares were issued; however, the bank's management was overly optimistic and eventually was able to sell all of the stock for only $25 per share. What were the proceeds for the issuer and the underwriter? Proceeds to issuer ta Proceeds to underwriting $