Atsempts

$$ Keep the Highest $3/3$

Problem $18-01($Profit or Loss on New Stock Issue$)$

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Profit or Loss on New Stock Issue

Beedles Inc. needed to raise $$14$ million in an IPO and chose Security Brokers Inc. to underneribe the oflering, The agrtement stath $$14$ million in net proceeds to Beedies. The out$-$of$-$pocket expenses incurred by Security Brokers in the design and datribubion of ty the lissue were sold to the public at the following average price? Write out your answer complebely. For example, $5$ million should if should be indicated by a minus sign.

a$.$ $$5\mathrm{.}25$ per share?

$ $$

b$.$ $$6\mathrm{.}5$ per share?

$5$

C$.$ $$3\mathrm{.}5$ per share?

$ $$