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: $5 per share Number of shares: 3 million Proceeds to Beedles: $14,000,000 The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $240,000. What profit or loss would Security Brokers incur if the issue were sold to the public at the following average price?

$5.5 per share? Use minus sign to enter loss, if any. $ ________________

$6.25 per share? Use minus sign to enter loss, if any. $ ________________

$4 per share? Use minus sign to enter loss, if any. $___________________