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    profit or loss

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    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?

    © BrainMass Inc. brainmass.com October 9, 2019, 6:48 pm ad1c9bdddf
    https://brainmass.com/economics/public-economics/profit-or-loss-98180

    Solution Summary

    The expert finds the profit or loss in the case.

    $2.19