Wendy placed an order with her broker to purchase 500 shares of each of three IPOs that are being released this month.Each IPO has an offer price of $23 a share.The number of shares allocated to Wendy, along with the closing stock price at the end of the first day of trading for each stock, are as follows: 
What is her total profit or loss on these three stocks as of the end of the first day of trading for each stock?
A) $639.50
B) -$369.50
C) -1,050.00
D) $572.00
E) $1,370
Correct Answer:
Verified
Q66: High Mountain Gear issued 385,000 shares of
Q67: Gwen placed an order with her broker
Q68: Dingo Farms wants to raise $10 million
Q69: Deep Hollow Oil issued 135,000 shares of
Q70: Global Traders is offering 130,000 shares of
Q71: Leanne Irish Pubworks would like to sell
Q72: Free Trade Partners needs to raise $24.2million
Q73: The Art Works needs to raise $6.2
Q75: ALC needs to raise $12 million to
Q76: The Food Network needs to raise $16.8
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents