Rowyn Placed an Order with Her Broker to Purchase 300

question 41

Multiple Choice

Rowyn placed an order with her broker to purchase 300 shares of each of three IPOs that are being released this month.Each IPO has an offer price of $16 a share.She received allocations of 300 shares of A,240 shares of B,and 50 shares of C.On their respective first days of trading,Stock A closed at $15 a share,Stock B closed at $16 a share,and Stock C closed at $22 a share.What is her combined total first-day profit or loss on these three IPOs?

• A)−$120
• B)$0
• C)−$30
• D)$70
• E)$300

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Definitions:

Breeding Populations

Groups of organisms that are selected and mated to perpetuate certain genetic traits or to increase the genetic diversity of offspring.

Isolating Factors

Conditions or barriers that inhibit the interaction, interbreeding, or cultural exchange between populations, leading to differentiation or speciation in biology, or cultural divergence.

Adaptive Function

Refers to the way behaviors or traits contribute to an organism's survival and reproductive success in its environment.

Genetic Level

Pertaining to or influenced by the genes, which are the units of heredity within the living organisms' DNA.