Question

An investor owns 50 shares of a stock worth $15.30 per share. Which of the following is the amount of money to cashed in half of the shares of this stock?

a. $38.250.00 .
b. $382.50
c. $76,500.00
d. $765.00

Answer 1

Given that a man owns shares = 50

Cost of one share = $ 15.30

Therefore the total amount of money for 50 shares would be = 50 x 15.30

= $ 765.00

We have to find the amount of money to be cashed in half of the shares for this stock of the investor.

Therefore, half of the shares at this stock is given by :

`$=(765.00)/(2) $`

= 382.50

Therefore the answer is $ 382.50

Hence option (a) is correct.