Robert placed an order with his broker to purchase 500 shares of each of three IPOs that are being released this month. Each IPO has an offer price of \$21 a share. The number of shares allocated to Robert, along with the closing stock price at the end of the first day of trading for each stock, are as follows: What is his total profit or loss on these three stocks as of the end of the first day of trading for each stock? Multiple Choice $639.50 $369.50 1,35000 $57200 $1,370