Three years ago you purchased 164 shares of ibm stock for, Ask an Expert

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Three years ago, you purchased 164 shares of IBM stock for $111 a share. Today, you sold your IBM stock for $139 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92878485

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