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Roberto went online and placed an order with his broker to purchase 1,500 shares of each of three IPOs that are going to be available
Roberto went online and placed an order with his broker to purchase 1,500 shares of each of three IPOs that are going to be available for trading soon. Each IPO has an offer price of $22 per share. The number of shares allocated to her along with the closing stock price at the end of the first day of trading for each stock, are as follows: Stock 1 Shares Allocated 750 1500 950 End of Day 1 Price $23.60 18.00 29.10 2 3 What is Roberto's 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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