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Kim placed an order with her broker for 500 shares of each of three IPOs being offered this week. Each of the IPOs has an

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Kim placed an order with her broker for 500 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $26. The number of shares allocated to Kim along with the closing prices on the first trading day are: Shares Stock Allocated 600 B 490 c 220 Price $25.15 29.86 32.43 What is Kim's total profit on these three stocks at the end of the first day of trading? Multiple Choice $5,664.00 $2796.00

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