Brokers incurred 450000 out of expenses as well as will, Ask an Expert

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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?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9202435

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