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. ips eBook ps Profit or Loss on New Stock Issue Beedles Inc....
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p Profit or Loss on New Stock Issue Beedles Inc. needed to raise $14 miilion 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 pubiic and provide
514 million in net proceeds to Beedles. The out-of—pocket expenses incurred by Security Brokers in the design and distribution of the issue were $460,000. What profit or loss would Security Brokers incur it
the issue were sold to the public at the following average price? Write out your answer compietely. For examoie, 5 miiiion should be entered as 5,000,000. Round your answers to the nearest dollar. Loss
shouid be indicated by a minus sign. a. 55 per share?
S b. so per share?
5 c. 54.25 per share? 5
Answer & Explanation
Solved by verified expertAnswered by anamikazzz46 on coursehero.com
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