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The Bert Corp. and Ernie, Inc., have both announced IPOs. Youplace an order for 1,150 shares of each IPO. One of the IPOs isunderpriced by $18.00 and the other is overpriced by $6.50. Youwill receive all of the shares you ordered of the overpriced IPO,but only one-half of the shares you ordered of the underpriced IPO.What profit do you expect?
