Specializes in underwriting new issues by small firms

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Work in excel, security brokers inc. specializes in underwriting new issues by small firms on a recent offerering of beedles inc, the term as follows price to public $ 15 per share, number of shares $3 million , proceeds to beedles $14,000,000. the out of pockets expenses incurred by security brokers in the design and distribution of issues were $300,000, what profit or loss would security brokers incur if the issue were sold to the public at the following average price? a $5 per share b$6 c. 4

Reference no: EM131063092

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