$32$

$0\mathrm{.}44$ points

Skipped

$$

elBook

Two IPOs will commence trading next week. Investor X places an order to buy $600$ shares of IPO A and is subsequently allocated $300$ shares. Investor Y places an order to purchase $600$ shares of IPO A and $600$ shares of IPO B and is subsequently allocated $300$ shares of IPO A and $600$ shares of IPO B$.$ Both IPOs are priced at $$21$ per share. At the end of the first day of trading, IPO A is selling for $$23\mathrm{.}30$ per share and IPO B is selling for $$1775$ per share. How much additional profit did Investor Y have at the end of the first day of trading as compared to Investor X$?$

Multiple Choice

$$1,950$

Ask

Print

$$1,260$

References

$51870$

$$1,950$

$-51\mathrm{.}260$