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Mimi placed an order with her broker to purchase 500 shares of each of three IPOs that are being released soon. Each IPO has an

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Mimi placed an order with her broker to purchase 500 shares of each of three IPOs that are being released soon. Each IPO has an offer price of $15 a share. The number of shares allocated to her along with the closing stock price at the end of the first day of trading for each stock, are as follows: Shares Stock Allocated A 300 B 400 500 End of Day 1 Price $17.00 14.75 14.00 What is her total profit or loss on these three stocks as of the end of the first day of trading for each stock

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