Profit or Loss on New Stock Issue

Beedles 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 Beedles. The out$-$of$-$pocket expenses incurred by Security

Brokers in the design and distribution of the issue were $$250,000.$ 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 be indicated by a minus sign.

a$.$ $$4\mathrm{.}5$ per share?

$

b$.$ $$6\mathrm{.}5$ per share?

$

c$.$ $$3\mathrm{.}5$ per share?

$