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Having heard about to underpricing put in an order to my broker for 140 shares of every IPO he can get for me. Alter 3

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Having heard about to underpricing put in an order to my broker for 140 shares of every IPO he can get for me. Alter 3 months, my Investment record is as follows tro initial neturn Allocated Price per Share 515 40 1.14 13 16 a. What is the average under pricing in dollars of this sumple of IPOS? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Avere underpong

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