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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

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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: Shares Stock Allocated 220 End of Day 1 Price $23.60 18.00 29.10 What is his 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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