Nadine placed an order with her broker to purchase 1,500 shares of each of three IPOs that are being released this month.Each IPO has an offer price of $26 a share.The number of shares allocated to her 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) -$680
B) -$245
C) -$3,560
D) -$3,220
E) -$2,450
Correct Answer:
Verified
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