What was the price per share

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Reference no: EM131938626

Suppose that 7 years ago, you purchased 293 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 a rate of return of 8%, what was the price per share when you made the purchase 7 years ago?

Reference no: EM131938626

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