If an investor can earn 20% on underpriced IPOs, but will lose 10% on overpriced IPOs in which he was awarded $2,000 worth of shares, how much of the underpriced issue must he be awarded in order to gain $500 total?
A) $1,500
B) $2,500
C) $3,500
D) $10,000
Correct Answer:
Verified
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