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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? 01:47:13 Profit per share eBook $ 16 Ask (b) What is the total amount of profit for your IBM investment? Total profit $ 3,072
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
9th canadian edition
1259269477, 978-1259269479, 978-1259024900
