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Question 2 4/4 View Policies Show Attempt History Your Answer Correct Answer Your answer is correct. Deere and Bros. is a broker that brings new issues of small firms to the public market. Its most recent deal for Ivanhoe, Inc., had the following characteristics: Number of shares: 1,000,000 Proceeds to Ivanhoe: $13,500,000 Price to public: $17 per share The legal fees were $153,000, printing costs were $56,500, and all the other expenses were $70,500. What is the profit or loss for Deere and Bros.? Profit/(Loss) $ 3220000