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What is the profit or loss for deere and bros

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Question - Deere and Bros. is a broker that brings new issues of small firms to the public market. Its most recent deal for Dextra, Inc., had the following characteristics:

Number of shares: 1,000,000

Proceeds to Dextra: 12,210,000

Price to public: $20 per share

The legal fees were $153,000, printing costs were $55,000, and all the other expenses were $70,000. What is the profit or loss for Deere and Bros?

Reference no: EM132960244

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