Determining profit or loss from an investment, Finance Basics

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Determining profit or loss from an investment

Three years ago, you purchased 150 shares of IBM stock for $88 a share. Today, you sold your IBM stock for $103 a share. For this problem, ignore commissions that would be charged to buy and sell your IBM shares.

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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Finance Basics: Determining profit or loss from an investment

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Finance Basics: Determining profit or loss from an investment

Reference No:- TGS049490

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : After tax cost of capital to bonds

Q : Weighted average cost of capital of aaron rentals

Q : How same inventory systems transmit large demand shocks

Q : Problem on accrual basis of accounting

Q : Determining profit or loss from an investment

Q : How equilibrium price-quantity purchased have both increased

Q : Profit or loss at expiration

Q : Decision making for heath care organizations

Q : What is the nal of the lease

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determining profit or loss from an investment

Reference No:- TGS049490

Recent Questions Asked Finance Basics

Q : After tax cost of capital to bonds

Q : Weighted average cost of capital of aaron rentals

Q : How same inventory systems transmit large demand shocks

Q : Problem on accrual basis of accounting

Q : Determining profit or loss from an investment

Q : How equilibrium price-quantity purchased have both increased

Q : Profit or loss at expiration

Q : Decision making for heath care organizations

Q : What is the nal of the lease

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