Business, 28.02.2020 22:45 lm942747

Kim placed an order with her broker for 750 shares of each of three IPOs being offered this week. Each of the IPOs has an offer price of $24. The number of shares allocated to Kim along with the closing prices on the first trading day are: Stock Shares Allocated Price A 750 $ 23.15 B 370 27.43 C 260 29.87.What is Kim's total profit on these three stocks at the end of the first day of trading?

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Answer from: Killercrawley

Kim's total profits on the three stocks at the end of the first day of trading is $2157.80

Explanation:

The closing day valuation of stocks needs to be compared with the prices at the IPOs opened that same day to ascertain whether or not a profit has been made.

The purchase price of IPOs =(750+370+260)*$24

=$33,120.00

Closing day valuation=($23.15*750+$27.43*370+$29.87*260)

=$35,277.8 0

The total profit on the day's transactions=$35,277.8 0-$33,120.00

=$2157.8

The total profits on the three stocks on first day is $2157.8 0

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

Answer from: Quest

Your answer is c premium and ur welcome

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Kim placed an order with her broker for 750 shares of each of three IPOs being offered this week. Ea...

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