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Question: econnect fin4415 fin416 ol winter wook 5 chapher 1215 assessment...

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Econnect FIN4415 FIN416 OL Winter Wook 5 Chapher 12-15 Assessment Question lof 44 10 00 points The Woods Co and the Mickelson Co have both announced IPOs at S45 per share One of these is undervalued by $12, and the oher is overvalued by 38, but you have no way of knowing which is which You plan to buy 1,000 shares of each issue If an issue is underpriced, wil be rationed, and only hair your order will be ied Assume you could get 1,000 shares in Woods and 1,000 shares in Mickelson Required a) What would your proft be? (Do not round your intermediate calculations (b) Whost prott do you ually expect? IDo not round your intermediate calculations) Click to select References Book & Resources Worksheet Leamin feri O Type here to search 40 8
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