What is her combined total first-day profit or loss

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Question: Rowyn 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 $16 per share. She received allocations of 300 shares of A, 240 shares of B, and 50 shares of C. On their respective first days of trading, Stock A closed at $15 per share, Stock B closed at $16 per share, and Stock C closed at $22 per share. What is her combined total first-day profit or loss on these three IPOs?

Reference no: EM133496542

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