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 $$230,000.$ 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.

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

$

$$7$ per share?

$

$$3\mathrm{.}75$ per share?

$