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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 $26. The number of shares allocated to Kim along with the closing prices on the first trading day are: Stock Shares Allocated Price A 700 $ 25.15 B 360 29.17 C 280 31.19

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