im placed an order with her broker for 550 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $30. The number of shares allocated to Kim along with the closing prices on the first trading day are:

Stock	Shares Allocated	Price
A	550	$29.15
B	400	33.43
C	360	35.87

What is Kim's total profit on these three stocks at the end of the first day of trading?

Multiple Choice

• $3,017.70

• $3,448.80

• $1,645.70

• $4,647.50

• $3,832.60