Beedles Inc. needed to raise $14 million in an IPO and chose Security Brokers Inc. to underwrite the offering. The agreement stated that Security Brokers would sell 3 million shares to the public and provide $14 million in net proceeds to Beedles. The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $210,000. 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