Homework Answers
rate positively ..
| i | ii | iii | iv=i*ii | v=i*iii | |||
| Stock | Share allocated | Closing price | IPO price | Share * closing price | Share * IPO price | ||
| A | 800 | 29.15 | 30 | 23320 | 24000 | ||
| B | 450 | 33.86 | 30 | 15237 | 13500 | ||
| C | 300 | 36.43 | 30 | 10929 | 9000 | ||
| 49486 | 46500 | ||||||
| total profit = | 2986 | ||||||
| 49486-46500 | |||||||
| Ans = | $ 2,986 | ||||||
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