Kendal placed an order with her broker to purchase 300 shares of each of three IPOs that are being released this month. Each IPO has an offer price of $22 a share. The number of shares allocated to Kendal, along with the closing stock price at the end of the first day of trading for each stock, are as follows: What is Kendal's total profit or loss on these three stocks as of the end of the first day of trading for each stock?

Question

Kendal placed an order with her broker to purchase 300 shares of each of three IPOs that are being released this month. Each IPO has an offer price of $22 a share. The number of shares allocated to Kendal, along with the closing stock price at the end of the first day of trading for each stock, are as follows:  What is Kendal's total profit or loss on these three stocks as of the end of the first day of trading for each stock?

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The Answer of Kendal placed an order with her broker to purchase 300 shares of each of three IPOs that are being released this month. Each IPO has an offer price of $22 a share. The number of shares allocated to Kendal, along with the closing stock price at the end of the first day of trading for each stock, are as follows:  What is Kendal's total profit or loss on these three stocks as of the end of the first day of trading for each stock?

Kendal Placed an Order with Her Broker to Purchase 300