Security Brokers Inc. completed a firm commitment underwriting for Beedles Inc. The terms were as follows: Price to public $12 per share Number of shares 5 million Proceeds to Beedles $57,000,000 The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $800,000. What profit or loss would Security Brokers incur if the issue were sold to the public at an average price of a. $12 per share? b. $13 per share? c. share? million in commo $11 per