Scott Placed an Order with His Broker to Purchase 1000

question 12

Multiple Choice

Scott placed an order with his broker to purchase 1000 shares of each of three IPOs that are being released this month.Each IPO has an offer price of $24 a share.The number of shares allocated to Scott along with the closing stock price at the end of the first day of trading for each stock,are as follows:
What is Scott's total profit or loss on these three stocks as of the end of the first day of trading for each stock?

• A)-$10
• B)-$240
• C)$450
• D)-$380
• E)$220

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Definitions:

Nonverbal Behaviors

Communicating without words through gestures, body language, facial expressions, and other physical ways.

Content

The information, subjects, or topics covered or included in a work or document.

Tone

Refers to the attitude or emotional quality conveyed by words in spoken or written form.

Putting Out Fires

This is an idiomatic expression used in management to describe the process of quickly dealing with issues or problems as they arise, often in a reactive rather than proactive manner.