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Kim placed an order with her broker for 600 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 600 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $24. The number of shares allocated to Kim along with the closing prices on the first trading day are: Shares Stock Allocated A 600 B 340 240 Price $23.15 27.17 29.19 What is Kim's total profit on these three stocks at the end of the first day of trading? Multiple Choice $4,506.00

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