You are a broker and have been instructed to place an order for a client to purchase 100 shares of every IPO that comes to market. The next two IPOs are each priced at $20 a share and will begin trading on the same day. The client is allocated 10 shares of IPO A and 100 shares of IPO B. At the end of the first day of trading, IPO A was selling for $40 a share and IPO B was selling for $16 a share. What is the client's total profit or loss on these two IPOs as of the end of the first day of trading?

-200

0

-420

1,780

200