Kim placed an order with her broker for 500 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $26. The number of shares allocated to Kim along with the closing prices on the first trading day are:

Stock		Shares Allocated				Price
A			500			$	25.15
B			390				29.43
C			300				31.87

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

Multiple Choice

• $4,225.00

• $3,449.35

• $1,336.00

• $3,055.70

• $2,673.70