Three years ago you purchased 192 shares of ibm stock for, Business Economics

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Three years ago you purchased 192 shares of ibm stock for

Three years ago, you purchased 192 shares of IBM stock for $101 a share. Today, you sold your IBM stock for $117 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?

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Business Economics: Three years ago you purchased 192 shares of ibm stock for

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