32. Assume there are three upcoming IPOs (A, B, and C) that are priced at $20 a share. You place an order with your broker to purchase 500 shares of each of the three offerings. Further assume that A is oversubscribed and your allocation is only 100 shares. You receive a full allocation on both B and C. Offer A is undervalued by $13, B is overvalued by $8, and C is overvalued by $1. What will be your combined total profit or loss on these three investments? (a) (b) -$3,200 -$1,125 $2,000 $1,125