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: