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What is kim total profit on these three stocks

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Reference no: EM133155493

Question - Kim placed an order with her broker for 500 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $29. The number of shares allocated to Kim along with the closing prices on the first trading day are:

Stock

Shares Allocated

Price

A

500

$28.15

B

390

32.17

C

340

34.19

Required - What is Kim total profit on these three stocks at the end of the first day of trading?

Reference no: EM133155493

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