Rowyn Placed an Order with Her Broker to Purchase 300

question 30

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:

Homeopathy

An alternative medicine system based on the belief that the body can cure itself, using tiny amounts of natural substances to stimulate healing.

Holism

An approach that considers the whole person, including their physical, mental, and social aspects, rather than just symptoms of a disease.

Totality

The state of being whole or complete, encompassing all parts, elements, or aspects of something.

Spiritualism

A belief system or practice involving communication with spirits of the deceased, often through mediums.