during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

Given:

Price of one share in 1980 = $

Price of one share in 1989 = $.

To find:

How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

Explanation:

Using the given information,

Change in the value of each share =

                                                          =

                                                          =

                                                          =

                                                          =

Value of one share increased by $.

Value of 100 shares increased by =

                                                        =

                                                        =

                                                        =

Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.