Problem 18-01 Profit or Loss on New Stock Issue Security Brokers Inc. specializes in underwriting new...

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Problem 18-01 Profit or Loss on New Stock Issue Security BrokersInc. specializes in underwriting new issues by small firms. On arecent offering of Beedles Inc., the terms were as follows: Priceto public: $5 per share Number of shares: 3 million Proceeds toBeedles: $14,000,000 The out-of-pocket expenses incurred bySecurity Brokers in the design and distribution of the issue were$240,000. What profit or loss would Security Brokers incur if theissue were sold to the public at the following average price? $5per share? Use minus sign to enter loss, if any. $ $6 per share?Use minus sign to enter loss, if any. $ $3.5 per share? Use minussign to enter loss, if any. $

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Problem 18-01 Profit or Loss on New Stock Issue Security BrokersInc. specializes in underwriting new issues by small firms. On arecent offering of Beedles Inc., the terms were as follows: Priceto public: $5 per share Number of shares: 3 million Proceeds toBeedles: $14,000,000 The out-of-pocket expenses incurred bySecurity Brokers in the design and distribution of the issue were$240,000. What profit or loss would Security Brokers incur if theissue were sold to the public at the following average price? $5per share? Use minus sign to enter loss, if any. $ $6 per share?Use minus sign to enter loss, if any. $ $3.5 per share? Use minussign to enter loss, if any. $