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18 Two years ago, you purchased 192 shares of IBM stock for $101 a share. Today, you sold your IBM stock for $117 a
18 Two years ago, you purchased 192 shares of IBM stock for $101 a share. Today, you sold your IBM stock for $117 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. (a) What is the amount of profit you earned on each share of IBM stock? Profit per share Book $ 16 Alk (b) What is the total amount of profit for your IBM investment? Tolal profit $ 3.072
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
