Nermine placed an order with her broker to purchase 1,500 shares of each of three IPOs...
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Nermine placed an order with her broker to purchase 1,500 shares of each of three IPOs that are being released this month. Each IPO has an offer price of $21 per share. The number of shares allocated to her along with the closing stock price at the end of the first day of trading for each stock, are as follows: Stock A B C Shares Allocated 750 1500 950 End of Day 1 Price $ 23.60 18.00 29.10 What is her total profit or loss on these three stocks as of the end of the first day of trading for each stock? Nermine placed an order with her broker to purchase 1,500 shares of each of three IPOs that are being released this month. Each IPO has an offer price of $21 per share. The number of shares allocated to her along with the closing stock price at the end of the first day of trading for each stock, are as follows: Stock A B C Shares Allocated 750 1500 950 End of Day 1 Price $ 23.60 18.00 29.10 What is her total profit or loss on these three stocks as of the end of the first day of trading for each stock?
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Given Nermine placed order to purchase following sto... View the full answer
Related Book For
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
Posted Date:
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