6
QuizMath Formula

Absolute Value and Linear Equations in Financial Contexts — Quiz

Question 6 • Financial Math

A stock is trading at $⁢123.82 per share. When the stock is sold, the broker charges a fee of $⁢4.25 before depositing the proceeds into an investor’s account. One investor’s account shows a deposit of $⁢61,905.75 How many shares were sold? Round to the nearest whole number if necessary. Enter your answer in the box.

Answer

Math Formula Answer:

500

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A stock is trading at $⁢123.82 per share. When…