The Bert Corp. and Ernie, Inc., have both announced IPOs. You place an order for 1,250 shares of each IPO. One of the IPOs is underpriced by $18.50 and the other is overpriced by $7.00. You will receive all of the shares you ordered of the overpriced IPO, but only one-half of the shares you ordered of the underpriced IPO. What profit do you expect?

a- $31,875.00

b- $11,562.50

c- $14,375.00

d- $7,552.00

e- $2,812.50