Note: please round your answer to the nearest dollar

Thank you

Back to Assignment Attempts Keep the Highest / 3 1. Problem 18-01 (Profit or Loss on New Stock Issue) ebook Profit or Loss on New Stock Issue Beedles Inc. needed to raise $14 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 not proceeds to Beedles. The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $210,000. 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 as 3,000,000. Round your answers to the nearest dollar. Lou should be indicated by a minus sign a $4.75 per share? 5 b. $5.75 per share $ c. $3.5 per share