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Hecker Brothers is the managing underwiiter for a 170mmon shares by Jay Hamburger Heaven Becker Broshandling 15 percent of the issue its price is $27

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Hecker Brothers is the managing underwiiter for a 170mmon shares by Jay Hamburger Heaven Becker Broshandling 15 percent of the issue its price is $27 Dershare, and the price to the public is $2900 Becker also provides the market stabilization function. During the issuance, the market for the stock tansoft and lecker is forced to purchase 55000 shares in the open market at an average price of $28.00 lt later sells the shores at an average value of $2755 Compute Necker Brothers overall gain or loss from managing these (Do not found intermediate calculations and round your answer to the nearest whole dollar) Tuloss

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