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please answer A, B, and C Problem 18-01 (Profit or Loss on New Stock Issue) Profit or Loss on New Stock Issue Beedles Inc. needed
please answer A, B, and C
Problem 18-01 (Profit or Loss on New Stock Issue) Profit or Loss on New Stock Issue Beedles Inc. needed to raise $14 milfion in an IPO and chose Security Brokers Inic. to underwrite the offering. The agreement stated that 5 ecurity Brokers would sell 3 milion shares to the public and provide $14 million in net proceeds to Beedies. The out-of-pocket expenses incurred by socurity Brokers in the design and distribution of the issue were $490,000. What profit or loss would Security Brokers incur if the issue were sold to the public at the following average price? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answers to the nearest dollar. Loss should beynidicated by a minus sign. a, $4.5 per share? 5 b. $6.5 per share? 5 C. 53.5 per share? 5 Step by Step Solution
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