Business, 28.05.2021 23:40, willcohen42
The Woods Co. and the Speith Co. have both announced IPOs at $70 per share. One of these is undervalued by $9, and the other is overvalued by $3, but you have no way of knowing which is which. You plan to buy 500 shares of each issue. If an issue is underpriced, it will be rationed, and only half your order will be filled.
Required:
a. If you could get 500 shares in Woods and 500 shares in Speith, what would your profit be?
b. What profit do you actually expect?
Answers: 2
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The Woods Co. and the Speith Co. have both announced IPOs at $70 per share. One of these is underval...
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