Determining profit or loss from an investment. two years ago, you purchased 220 shares of ibm stock for $124 a share. today, you sold your ibm stock for $142 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?
b. what is the total amount of profit for your ibm investment?
