The Bert Corp. and Ernie, Inc., have both announced IPOs. You place an order for 800 shares
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The Bert Corp. and Ernie, Inc., have both announced IPOs. You place an order for 800 shares of each IPO. One of the IPOs is under priced by $16.25 and the other is overpriced by $7.00. 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?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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