Solved: What is the profit or loss the broker incurs, Macroeconomics

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What is the profit or loss the broker incurs

Question:

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: What is the profit or loss the broker incurs

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Macroeconomics: What is the profit or loss the broker incurs

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