becker brothers is managing underwriter for a 1 million (file attached)

Type your homework question here, such as “Help me understand this chemistry problem…”becker brothers is managing underwriter for a 1 million share issue by Jay’s Hamburger Heaven.Becker brothers is handling 10 percent of the issue. it’s price is $25 per share and the price to the public is $26.40 BECKER ALSO PROVIDES THE MARKET STABALIZATION FUNCTION. DURING THE ISSUANCE, THE MARKET FOR THE STOCK TURNS SOFT AND BECKER IS FORCED TO PURCHASE 40,000 SHARES IN THE OPEN MARKET AT AN AVERAGE PRIC OF 25.75. THEY LATER SELL THE SHARES AT AN AVERAGE VALUE OF $23 DOLLARS. COMPUTE THE OVERALL GAIN OR LOSS FROM MANAGING THE ISSUE