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Kim placed an order with her broker for 550 shares of each of three IPOs being offered this week. Each of the IPOs has an

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Kim 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: Shares Stock Allocated A 550 B 400 360 Price $29.15 33.43 35.87 What is Kim's total profit on these three stocks at the end of the first day of trading? Multiple Choice $3,448,80 $3,017.70 $1,645.70 O

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