Question: Please help me solve this problem please help me solve this problem The Bert Corp. and Ernie, Inc., have both announced IPOs. You place an

Please help me solve this problem please help me solve this

Please help me solve this problem please help me solve this problem

problem The Bert Corp. and Ernie, Inc., have both announced IPOs. You

The Bert Corp. and Ernie, Inc., have both announced IPOs. You place an order for 1,300 shares of each IPO. One of the IPOs is underpriced by $18.75 and the other is overpriced by $7.25. You will receive all of the shares you ordered of the overpriced IPO, but only one-half of the shares you ordered of the underpriced IPO. What profit do you expect

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