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MC algo 15-1 IPO Underpricing The Peter Corp. and the Sellers Company have both announced IPOs. You place an order for 1,100 shares of each

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MC algo 15-1 IPO Underpricing The Peter Corp. and the Sellers Company have both announced IPOs. You place an order for 1,100 shares of each IPO. One of the IPOs is underpriced by $14.75 and the other is overpriced by $7.50. If you could get all of the shares you ordered for each IPO, what would your profit be

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