6. You have been instructed to place an order for a client to purchase 500 shares of every IPO that comes to market.The next two IPOs are each priced at $26 a share and will begin trading on the same day. The client is allocated 500shares of IPO A and 240 shares of IPO B. At the end of the first day of trading, IPO A was selling for $23.90 ashare and IPO B was selling for $29.40 a share. What is the client's total profit or loss on these two IPOs as of theend of the first day of trading?
(A) - $286
(B)- $234
(C) - $148
(D) $275