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Two IPOs will commence trading next week. Scott places an order to buy 600 shares of IPO A. Steve places an order to purchase 600 shares of IPO A and 600 shares of IPO B. Both IPOs are priced at $21 a share. Scott is allocated 300 shares of IPO A. Steve is allocated 300 shares of IPO A and 600 shares of IPO B. At the end of the first day of trading, IPO A is selling for $23.30 a share and IPO B is selling for $17.75 a share. How much additional profit did Steve have at the end of the first day of trading as compared to Scott?
Ethics
A branch of philosophy that deals with questions about morality and the principles that govern right and wrong conduct.
Hypothesis
A tentative explanation or prediction that can be rigorously tested through systematic investigation and experimentation.
Social Psychology
The academic examination of individual thoughts, emotions, and actions within a societal setting.
General Psychology
The broad study of the mind and behavior, encompassing various aspects of human experience, thought processes, and emotions.
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