If an investor can earn 20% on underpriced IPOs, but will lose 10% on overpriced IPOs in which he was awarded $2,000 worth of the overpriced issue, how much of the underpriced issue must he be awarded in order to gain $500?
A. $1,500
B. $2,500
C. $3,500
D. $10,000
Ans: C. $3,500
Business
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