Business, 25.02.2020 19:29, angelteddy033

Kim placed an order with her broker for 700 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $30. The number of shares allocated to Kim along with the closing prices on the first trading day are: Stock Shares Allocated Price A 700 $ 29.15 B 430 33.86 C 340 36.43 What is Kim's total profit on these three stocks at the end of the first day of trading?

a. $4,929.50
b. $3,251.00
c. $3,715.40
d. $1,591.20
e. $6,608.00

Answers: 3

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Kim placed an order with her broker for 700 shares of each of three IPOs being offered this week. Ea...