Jolie has an outstanding order with her stock broker to purchase 1,000 shares of every IPO....
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Jolie has an outstanding order with her stock broker to purchase 1,000 shares of every IPO. The current three IPOS are each priced at $16 a share and all started trading this morning. Jolie was allocated 300 shares of IPO A, 100 shares of IPO B, and 1,000 shares of IPO C. IPO A opened at $17 a share this morning and ended the day at $17.50 a share. IPO B opened at $21 a share and finished the day at $23 a share. IPO C opened at $16 a share and ended the day at $14.50 a share. What is Jolie's total profit or loss on these three IPOS as of the end of the day? a. -$400 b. -$350 C. -$200 Od. -$150 O e. -$100 Jolie has an outstanding order with her stock broker to purchase 1,000 shares of every IPO. The current three IPOS are each priced at $16 a share and all started trading this morning. Jolie was allocated 300 shares of IPO A, 100 shares of IPO B, and 1,000 shares of IPO C. IPO A opened at $17 a share this morning and ended the day at $17.50 a share. IPO B opened at $21 a share and finished the day at $23 a share. IPO C opened at $16 a share and ended the day at $14.50 a share. What is Jolie's total profit or loss on these three IPOS as of the end of the day? a. -$400 b. -$350 C. -$200 Od. -$150 O e. -$100
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