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What is total profit or loss on two ipo

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You have an outstanding order with your stockbroker to purchase 500 shares of every IPO. The current two IPOs have an offer price of $15 a share. You received an allocation of 100 shares of IPO A and 400 shares of IPO B. Today is the first day of trading for these two issues. IPO A closed at $22 a share and IPO B closed at $13 a share. What is your total profit or loss on these two IPOs after just one day of trading?

Reference no: EM132999373

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