Determine total amount of profit for ibm investment, Microeconomics

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Determine total amount of profit for ibm investment

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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Microeconomics: Determine total amount of profit for ibm investment

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Microeconomics: Determine total amount of profit for ibm investment

Reference No:- TGS0520114

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine total amount of profit for ibm investment

Reference No:- TGS0520114

Recent Questions Asked Microeconomics

Q : Revenues and expenses of an entity

Q : Describe the four stages in the print production process

Q : How much more would be cash price of given amount

Q : Successories e-commerce strategy

Q : Determine total amount of profit for ibm investment

Q : How to investors expect past trends to continue

Q : Explain the concept of depreciation

Q : How many shares to buy if margin to buy wal-mart stock

Q : Differences between the lifo and fifo methods

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