Question
Three years ago, you purchased 170 shares of IBM stock for $130 a share. Today, you sold your IBM stock for $153 a share. For
Three years ago, you purchased 170 shares of IBM stock for $130 a share. Today, you sold your IBM stock for $153 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 |
| Amount of profit per share | $ |
| (b) | What is the total amount of profit for your IBM investment |
| Total amount of profit | $ |
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
