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Three years ago, you purchased 220 shares of IBM stock for $92 a share. Today, you sold your IBM stock for $140 a share. For

Three years ago, you purchased 220 shares of IBM stock for $92 a share. Today, you sold your IBM stock for $140 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?

(b) What is the total amount of profit for your IBM investment?

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