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Jolie has an outstanding order with her stock broker to purchase 1,000 shares of every IPO. The current three IPOs are each priced at
Jolie has an outstanding order with her stock broker to purchase 1,000 shares of every IPO. The current three IPOs are each priced at $16 a share and all started trading this morning. Jolie was allocated 300 shares of IPO A, 100 shares of IPO B, and 1,000 shares of IPO C. IPO A opened at $17 a share this morning and ended the day at $17.50 a share. IPO B opened at $21 a share and finished the day at $23 a share. IPO C opened at $16 a share and ended the day at $14.50 a share. What is Jolie's total profit or loss on these three IPOS as of the end of the day? O a. -$400 O b. -$350 O c. -$200 O d. -$150 O e. -$100
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