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Question 9 (1 point) You want to purchase shares of every IPO that comes to the market. The next two IPOs are each priced at
Question 9 (1 point) You want to purchase shares of every IPO that comes to the market. The next two IPOs are each priced at $34.45 a share and will begin trading on the same day. Your broker allocates 1,220 shares of IPO A and 1,470 shares of IPO B to your account. At the end of the first day of trading, IPO A is selling for $41.05 a share and IPO B is selling for $29.05 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? $102.6 $105.4 $108.3 $111.1 $114.0
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