Attempts Keep the Highest/ 1. Problem 18-01 (Profit or loss on New Stock Issue) ebook Profit or Loss on New Stock Issue Beedies Int. needed to raise 514 million in an IPO and chose Security Brokers Inc. to underwrite the offering. The agreement stated that Security Brokers would sell 3 million shares to the public and provide $14 million in net proceeds to Beedles. The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $500,000 What profit or loss would Security Brokers incur if the issue were sold to the public at the following average price? Write out your answer completely. For example, 5 million should be entered on 5,000,000. Round your answers to the nearest dostar, Loss should be indicated by a mine sign. 2.5475 per share? 5 b. 56.25 per share? 5 53.5 par share