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The Peter Corp. and the Sellers Company have both announced IPOs. You place an order for 500 shares of each IPO. One of the IPOs

The Peter Corp. and the Sellers Company have both announced IPOs. You place an order for 500 shares of each IPO. One of the IPOs is underpriced by $11.75 and the other is overpriced by $4.50. If you could get all of the shares you ordered for each IPO, what would your profit be?

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