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Facebook's Initial IPO Was $38 Per Share

Question 28

Multiple Choice

Facebook's initial IPO was $38 per share. Arianna purchased 616 shares. Assuming a cost of $7.00 to purchase the 616 shares, what was Arianna's total cost?


A) $23,415
B) $22,514
C) $23,408
D) $20,000
E) $23,512

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