Question: Problem 1 3 - 2 Determining Profit or Loss from an Investment [ LO 1 3 - 1 ] Two years ago, you purchased 2

Problem

13 - 2

Determining Profit or Loss from an Investment

[

13 - 1]

Two years ago, you purchased

221

shares of IBM stock for $

110

a share. Today, you sold your IBM stock for $

137

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.

eBook

.

What is the amount of profit you earned on each share of IBM stock?

.

What is the total amount of profit for your IBM investment?

References

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table

[[

.

Profit per share,

], [

.

Total profit,

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Problem 13-2 Determining Profit or Loss from an Investment [LO13-1] Two

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