An investor purchased 600 shares of ABC Company when it IPO’d, paying $60 per share. When the shares reached $80, the co

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answerhappygod
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An investor purchased 600 shares of ABC Company when it IPO’d, paying $60 per share. When the shares reached $80, the co

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An investor purchased 600 shares of ABC Company when it IPO’d,paying $60 per share. When the shares reached $80, the companyexecuted a 3 for 1 split. When the shares were $28.5 on apost-split basis, the investor sold 600 shares. What is his profiton this sale?
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