Answers LVA - Mathematical Modeling - Spring Stocks and BondsQuestion 22

22

QuizMultiple Choice

Stocks and Bonds

Question 22 • LVA - Mathematical Modeling - Spring

When you purchased 100 shares of Bio-Tech Sciences, the value per share was listed at $12.38. When Bio-Tech Sciences sent out their daily report today, you see that they list the value of their stock at $45.16. If you were to sell all your shares in Bio-Tech Sciences today, what would be the total value of your investment?

Answer

A

$1,238.00

B

$4,516.00

C

$5,754.00

D

$3,278.00

Explanation

To find the value of all your shares today, multiply the current price per share by the number of shares: 100 × $45.16 = $4,516.00. The correct choice is $4,516.00; the original purchase price does not determine their value if you sell today.

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