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You are a broker and have been instructed to place an order for a client to purchase 100 shares of every IPO that comes to market. The next two IPOs are each priced at$20 a share and will begin trading on the same day. The client is allocated 10 shares of IPO A and 100 shares of IPO B. At the end of the first day of trading, IPO A was selling for $47 a share and IPO B was selling for $17 a share. What is the client's total profit or loss on these two IPOs as of the end of the first day of trading?
This paper reviews the article of ‘the impact of the global economic crisis on the business environment' that is written by Roman & Sargu (2011).
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