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Rowyn placed an order with her broker to purchase 3 0 0 shares of each of three IPOs that are being released this month. Each

Rowyn placed an order with her broker to purchase 300 shares of each of three IPOs that are being released this month. Each IPO has an offer price of $16 per share. She received allocations of 300 shares of A,240 shares of B, and 50 shares of C. On their respective first days of trading, Stock A closed at $15 per share, Stock B closed at $16 per share, and Stock C closed at $22 per share. What is her combined total first-day profit or loss on these three IPOs?

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