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12 February, 19:50

You purchase $100 shares of stock for $23.95 a share. One year later each share is worth $24.50. Find the profit if you sold at $24.05 a share

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  1. 12 February, 21:17
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    The profit if sold at $24.05 would be $10.

    Step-by-step explanation:

    To find this, start by finding the difference between the buying and the selling price.

    24.05 - 23.95 = 0.10

    Now multiply that by the number of shares that you have.

    0.10 * 100 = $10
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