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Jasmin Coleman bought 5,000 shares of GE stock. She held them for 6 months. Then Jasmin sold 190 shares on monay, 450 shares on Tuesday and again on Thursday, and 900 shares on friday. The average shares of stock jasmin still owns is worth $48 per share.

Determine (a) how many shares does Jasmin still own? (b) What is the total value of Jasmin stock after the sales?

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$5000 - 190 - 450 - 450 -900 = 3010$ $3010 * \$48 = \$144480 $

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    Omg ! thank you. i was attempting to solve it this way but i was not sure2012-10-18
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Actually this is less obvious than it looks. GE's stock split several times, most recently a 3-for-1 split on May 8, 2000. There was a time on June 22, 2000 when the stock price was approximately \$48 (the low for that date was \$47.94). So if she had bought 5000 shares about six months before that date, then sold 190, 450, 450 and 900 shares in June, she would still have 13010 shares, not 3010.