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during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

1 Answer

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Given:

Price of one share in 1980 = $
17\frac14

Price of one share in 1989 = $
56\frac18.

To find:

How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

Step-by-step explanation:

Using the given information,

Change in the value of each share =
56\frac18-17\frac14

=
(448+1)/(8)-\frac(68+1)/(4)

=
(449)/(8)-\frac(69)/(4)

=
(449-138)/(8)

=
(311)/(8)

Value of one share increased by $
(311)/(8).

Value of 100 shares increased by =
100* (311)/(8)

=
(31100)/(8)

=
(7775)/(2)

=
3887.5

Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.

User Rahul Bohare
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