Old MathJax webview

Profit or Loss on New Stock Issue Dreebyshaw Inc. needed to raise $14 million in an IPO and chose Security Brokers Inc. to underwrite the offering. The agreement stated that Security Brokers would sell 3 million shares to the public and provide $14 million in net proceeds to Dreebyshaw. The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $250,000. What profit or loss did Security Brokers incur if the issue were sold to the public at the following average price? Round your answers to the nearest dollar. Loss, if any, should be indicated by a minus sign. a. $4 per share? $ b. $7 per share? 5 C. $3 per share? Profit or Loss on New Stock Issue Dreebyshaw Inc. needed to raise $14 million in an IPO and chose Security Brokers Inc. to underwrite the offering. The agreement stated that Security Brokers would sell 3 million shares to the public and provide $14 million in net proceeds to Dreebyshaw. The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $250,000. What profit or loss did Security Brokers incur if the issue were sold to the public at the following average price? Round your answers to the nearest dollar. Loss, if any, should be indicated by a minus sign. a. $4 per share? $ b. $7 per share? C. 53 per share? $