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Kim placed on order with her broker for 650 shares of each of three IPOs being offered this week. Each of the IPOs has an

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Kim placed on order with her broker for 650 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $27. The number of shares allocated to Kim along with the closing prices on the first trading day are: Shares Stock Allocated 650 3 480 240 Price $26.15 30.86 33.43 What is Kim's total profit on these three stocks at the end of the first day of trading? Multiple Choice $2.843 50 $6,136.00 $3.249.70

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