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Question 10 (1 point) You want to purchase shares of every IPO that comes to the market. The next two IPOs are each priced at
Question 10 (1 point) You want to purchase shares of every IPO that comes to the market. The next two IPOs are each priced at $33.55 a share and will begin trading on the same day. Your broker allocates 1,160 shares of IPO A and 1,430 shares of IPO B to your account. At the end of the first day of trading, IPO A is selling for $39.95 a share and IPO B is selling for $28.35 a share. What is the absolute value of your combined net profit or loss on these two IPOs at the end of the first day of trading? $11.4 $11.7 $12.0 $12.3 $12.6
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