(Solution) - The text used Ask Jeeves and Ariba ARBA as illustrations -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The text used Ask Jeeves and Ariba (ARBA) as illustrations of stocks that soared after the IPO only to dramatically decline. Investor A bought 100 shares of Ariba at its initial offer price of $28.24. Investor B bought 100 shares on the first day of trading at $69. Investor C bought 100 shares three months later at $151. What are those shares worth today? If investors A, B, and C sustained losses, who profited?