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To expand his portfolio Austin recently purchased 400 shares of common stock in the rail car manufacturing company and Manufacturing firm in Nevada. The current market price of rcm's common stock is $27.50 per share. Austin's total wealth from his investment and rail car manufacturing company is ________.

Two years have passed since Austin purchased his 400 common shares in the rail car manufacturing company. The market price of the company's shares is now $23.38 per share. As a result Austin's wealth from his investment in RCN has ________ by ______ assuming that everything else remains constant.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92320304

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