Nadine Placed an Order with Her Broker to Purchase 1,500

question 65

Multiple Choice

Nadine placed an order with her broker to purchase 1,500 shares of each of three IPOs that are being released this month.Each IPO has an offer price of $26 a share.The number of shares allocated to her along with the closing stock price at the end of the first day of trading for each stock,are as follows: $$\begin{array} { | c | c | r | } \hline \underline { \text { Stock } } & \begin{array} { c } \text { Shares } \\\text { Allocated }\end{array} & \text { End of } \\&& \text { Day 1 Price } \\\hline \text { A } & 1,500 & \$ 23.10 \\\hline \text {B}&500&26.20\\\hline \text { C } & 100 & 32.90 \\\hline\end{array}$$
What is her total profit or loss on these three stocks as of the end of the first day of trading for each stock?

• A)-$680
• B)-$245
• C)-$3,560
• D)-$3,220
• E)-$2,450

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Definitions:

Tripeptide

A molecule composed of three amino acids linked by peptide bonds.

SGD

Stochastic Gradient Descent, an iterative method for optimizing an objective function with suitable smoothness properties.

Tripeptide

A molecule composed of three amino acids linked together by peptide bonds.

YAP

A protein involved in the Hippo signaling pathway, playing a crucial role in controlling organ size and tumor suppression.