You purchased $1,000 of IBM stock at the end of each quarter from 2000 through 2006. Excluding

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You purchased $1,000 of IBM stock at the end of each quarter from 2000 through 2006. Excluding commissions, how many shares have you accumulated? As of January 2010, IBM was selling for $130. What was the position worth in January 2010?

(For questions 7 and 8 you may obtain historical price data from Yahoo! Finance.)

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