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Business, 06.05.2020 01:41 pickelswolf5938

Kim placed an order with her broker for 700 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $28. The number of shares allocated to Kim along with the closing prices on the first trading day are: Stock Shares Allocated Price A 700 $ 27.15 B 470 31.86 C 260 34.43 What is Kim's total profit on these three stocks at the end of the first day of trading

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