An investor can earn 20% on underpriced IPOs,but will lose 10% on overpriced IPOs.If he is awarded $2,000 worth of shares in an overpriced IPO,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:
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