EBK CFIN
6th Edition
ISBN: 9781337671743
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Bha
Transcribed Image Text:01:56:22
Logit Co., and Fidelis Inc. have both announced IPOs, Arthur places an order for 1,250 shares of each IPO. One of the IPOs is underpriced by $15.50 and
the other is overpriced by $8.25. If Arthur could get all of the shares he ordered for each IPO, what would his profit be?
Multiple Choice
$8,307.25
$9,062.50
$7,552.00
$29.687.50
$19.375.00
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