contestada

the bert corporation and ernie, incorporated, have both announced ipos. you place an order for 800 shares of each ipo. one of the ipos is underpriced by $16.25 and the other is overpriced by $7.00. you will 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?