Question: Assume there are three upcoming IPOs ( A , B , and C ) that are priced at $ 2 0 per share. You place

Assume there are three upcoming IPOs (A, B, and C) that are priced at $20 per share. You place an order with your broker to purchase 500 shares of each of thi three offerings. Further assume that A is oversubscribed and your allocation is only 100 shares. You receive a full allocation on both B and C. Offer A is undervalued by $13, B is overvalued by $8, and C is overvalued by $1. What will be your combined total profit or loss on these three investments?Multiple Choice-$1,125$2,000$1,125-$3.200$3,200

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