Kim placed an order with her broker for 500 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $26. The number of shares allocated to Kim along with the closing prices on the first trading day are: Stock Shares Allocated Price A 500 $ 25. 15 B 390 29. 43 C 300 31. 87 What is Kim's total profit on these three stocks at the end of the first day of trading
