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Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the …
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Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the …
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Apr 16, 2017
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Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the same?
Mathematics
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Seeta Ram Yadav
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So it looks like when Alan initially purchased his company stock, the price per share was $24.40 ($390.40/16).
Being that the stock has fallen, the stock price is now $18.20 ($291.20/16).
Hope this helps.
Guilhermerama
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Apr 17, 2017
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i think that the current price for each share would be $18.20 if the total value went down to $291.20.
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Apr 20, 2017
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