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MC algo 15-8 IPO Underpricing 16 Kim placed an order with her broker for 600 shares of each of three IPOs being offered this week.

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MC algo 15-8 IPO Underpricing 16 Kim placed an order with her broker for 600 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $28. The number of shares allocated to Kim along with the closing prices on the first trading day are: ats 02:41:52 eBook Stock A B Shares Allocated 600 410 340 Price $27.15 31.86 34.43 C What is Kim's total profit on these three stocks at the end of the first day of trading

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