Question
Kim placed an order with her broker for 700 shares of each of three IPOs being offered this week. Each of the IPOs has an
Kim placed an order with her broker for 700 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $28. The number of shares allocated to Kim along with the closing prices on the first trading day are:
| Stock | Shares Allocated | Price |
|---|---|---|
| A | 700 | $27.15 |
| B | 470 | 31.86 |
| C | 260 | 34.43 |
What is Kim's total profit on these three stocks at the end of the first day of trading?
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The Future Of Pricing How Airline Ticket Pricing Has Inspired A Revolution
Authors: E. Boyd
1st Edition
0230600190,0230606903
