Deere and Bros. is a broker that brings new issues of small firms to the public market.

Question:

Deere and Bros. is a that brings new issues of small firms to the public market. Their most recent deal for Dextra, Inc., had the following characteristics:
Number of shares: 1,000,000 Price to public: $15 per share;
Proceeds to Dextra: $13,500,000
The legal fees were $150,000, printing costs were $56,000, and all the other expenses were $72,000. What is the profit or loss for Deere and Bros.?

Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...