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?

George wants to collect funds to open his own bakery from his family.  he needs an accurate estimate of how much money he would require to run the bakery for at least six months.  he has to buy a shop  (costing $3,500)  and buy an oven  (costing $600).  his  start-up  costs, including various utility costs, would be  $300.  he has calculated his monthly expenses as  $250.  how much money would george require to start his business and run it for at least six months? a.  $3500b.  $5,900c.  $7,200d.  $7,400e.  $8,200its not c.7200 tried it