Facebooks initial ipo was 38 per share arianna purchased


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. $23,408

C. $22,514

D. $20,000

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Accounting Basics: Facebooks initial ipo was 38 per share arianna purchased
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