msEasy Problems XXXXXXXXXXSecurity Brokers Inc. specializes in underwriting new issues by small firms. On a recent offering of Beedles Inc., the terms were as follows:Profit or Loss on NewStock...

msEasy Problems 1-2(18-1) Security Brokers Inc. specializes in underwriting new issues by small firms. On a recent offering of Beedles Inc., the terms were as follows:Profit or Loss on NewStock IssuePrice to public Number of shares Proceeds to Beedles$5 per share 3 million $14,000,000)952. Financial Management: Theory & Practice. fourteenth Edition. Brigham/Ehrhardt - 0 Cengage Learning. All rights reserved. No distribution allowed without express authorization. Distributed by Grand Canyon UniversotChapter 18Public and Private Financing: Initial Offerings, Seasoned Offerings, and Investment Banks 767The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $300,000. What profit or loss would Security Brokers incur if the issue were sold to the public at the following average price? a. $5 per share b. $6 per share c. $4 per share (18-2) The Beranek Company, whose stock price is now $25, needs to raise $20 million in