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Bill Campbell invested $4,600 and borrowed 54,600 to purchase shares in Kellogg. At the time of his investment Kellogg stock was selling for $50 a

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Bill Campbell invested $4,600 and borrowed 54,600 to purchase shares in Kellogg. At the time of his investment Kellogg stock was selling for $50 a share. (a) If Bill paid a $56 commission, how many shares could he buy If he used his $4,600 and borrowed 54,600 on margin to buy Kellogg stock? (Round your answer to 2 decimal places.) Number of shares b) Ignoring buying commission, Assuming Bill did use margin paid a $92 total commission to sell his Kellogg stock, and sold his stock or $55 a share, how much profit did he make on his Kellogg investment? (Use the number of shares computed in part (a) rounded to 2 decimal places. Round your final answer to 2 decimal places.) Total profit after commissions

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