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Profit or Loss on New Stock Issue Security Brokers Inc. specializes in underwriting new issues by small firms. On a recent offering of Beedles Inc.,

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Profit or Loss on New Stock Issue Security Brokers Inc. specializes in underwriting new issues by small firms. On a recent offering of Beedles Inc., the terms were as follows: $5 per share Price to public: Number of shares: Proceeds to Beedles: $14,000,000 The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $220,000. What profit or loss would Security Brokers incur if the issue were sold to the public at the following average price? a. $4.5 per share? Use minus sign to enter loss, if any. b. $6 per share? Use minus sign to enter loss, if any. C. $4.25 per share? Use minus sign to enter loss, if any

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