Persue to the small firm they are underwriting

Reference no: EM1327065

The answer to Profit or Loss

Brokers incurred $450,000 out of pocket expenses and will give 21,000,000 of the proceeds to the small firm they are underwriting, price to the public is $7.50 per share with 3 million shares being issued. What is the profit or loss the broker incurs?

Reference no: EM1327065

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