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An investor purchased 300 shares of ABC Company when it IPOd at $30 per share. Two years later, the company executed a 3 for 2
An investor purchased 300 shares of ABC Company when it IPOd at $30 per share. Two years later, the company executed a 3 for 2 stock split when the shares were trading at $45. One year after that, the investor sold 200 shares at $40. What is her profit on the sale?
a$2,000
b$2,500
c$3,000
d$4,000
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