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What was the price per share

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Question - Suppose that 9 years ago, you purchased 269 shares of stock in a corporation. Between then and now, the stock had a 2:1 split and a 4:1 split. Today, each share sells for $14. If selling all of your shares today would give your investment an annual rate of return of 5%, what was the price per share when you made the purchase 9 years ago? Round your answer to the nearest dollar.

Reference no: EM132195441

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