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new hong kong buffet wants to expand restaurants in the area and decide to sell stock in their company to raise money. After their approval
new hong kong buffet wants to expand restaurants in the area and decide to sell stock in their company to raise money. After their approval by the SEC they decided that their iPO will be at $14.50 per share. Ms. Huebsch purchased 100 shares because she loves chinese buffet food. After 8 months, she decides she wants to get out her money to buy her daughter a puppy. She sells her stock for 17.25 per share. How much money did she lose or gain on her buying and selling of stocks?
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