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I CO, and Fidelis Inc. have both announced IPOs, Arthur places an order for 1,250 shares of each IPO. One of the IPOs is underpriced

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I CO, and Fidelis Inc. have both announced IPOs, Arthur places an order for 1,250 shares of each IPO. One of the IPOs is underpriced by $15.50 and the other 15 overpriced by $8.25. If Arthur could get all of the shares he ordered for each IPO, what would his profit be? Multiple Choice $8,30725 $900250 $755200 $2968750 $1937500

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