Danielle Placed an Order with Her Broker to Purchase 400

question 47

Multiple Choice

Danielle placed an order with her broker to purchase 400 shares of each of three IPOs that are being released this month.Each IPO has an offer price of $22 a share.She received allocations of 320 shares of A,0 shares of B,and 400 shares of C.On their respective first days of trading,Stock A closed at $23 a share,Stock B closed at $39 a share,and Stock C closed at $17 a share.What is her combined total first-day profit or loss on these three IPOs?

• A)-$1,680
• B)-$1,220
• C)−$780
• D)$1,020
• E)$5,200

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Definitions:

Data Centers

Facilities used to house computer systems and associated components, such as telecommunications and storage systems, mainly for the purpose of collecting, storing, processing, distributing, or allowing access to large amounts of data.

Collaborative Consumption

The shared use of a good or service by a group, an economic model often seen in peer-to-peer exchange platforms.

Peer Economy

An economic system that relies on the sharing or exchange of goods, services, or information among individuals or groups, often facilitated by internet platforms.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or country.