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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: Price to public: Number of shares: Proceeds to Beedlest $5 per share 3 million $14,000,000 e s t The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $340,000. What profit or loss would Security Brokers incur the b public at the following average price? a $4.75 per share? Use minus sign to enter loss any b. $6.25 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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