Scott placed an order with his broker to purchase 1000 shares of each of three IPOs that are being released this month.Each IPO has an offer price of $24 a share.The number of shares allocated to Scott along with the closing stock price at the end of the first day of trading for each stock,are as follows:
What is Scott's total profit or loss on these three stocks as of the end of the first day of trading for each stock?
A) -$10
B) -$240
C) $450
D) -$380
E) $220
Correct Answer:
Verified
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