You have been instructed to place an order for a client to purchase 500 shares of every IPO that comes to market. The next two IPOs are each priced at $26 a share and will begin trading on the same day. The dlient is allocated 500 shares of IPO A and 240 shares of IPO B. At the end of the first day of trading, IPO A was selling for $23.90 a share and IPO B was selling for $29.40 a share. What is the client's total proft or loss on these two IPOs as of the end of the first day of trading? Select one: O AL-$148 o B.- $234 O C. $275 O D. $329 O E.-$286