Question

Suppose that 9 years ago, you purchased 280 shares of stock in a corporation. Between then and now, the stock had a 3:1 split and a 4:1 split. Today, each share sells for $16. If selling all of your shares today would give your investment an annual rate of return of 10%, what was the price per share when you made the purchase 9 years ago?

**Round your answer to the nearest dollar.**

Answer #1

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