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Having heard about IPO underpricing, I put in an order to my broker for 1 , 1 6 0 shares of every IPO he can

Having heard about IPO underpricing, I put in an order to my broker for
1,160 shares of every IPO he can get for me. After 3 months, my
investment record is as follows:
a. What is the average underpricing in dollars of this sample of IPOs?
(Do not round intermediate calculations. Round your answer to 2
decimal places.)
Average underpricing
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