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Two years ago, you purchased 1 5 2 shares of IBM stock for $ 1 2 8 a share. Today, you sold your IBM stock
Two years ago, you purchased shares of IBM stock for $ a share. Today, you sold your IBM stock for $ a share. For this problem, ignore commissions that would be charged to buy and sell your IBM shares and dividends you might have received as a shareholder.
What is the amount of profit you earned on each share of IBM stock?
What is the total amount of profit for your IBM investment?
A profit per share
B Total profit
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
