Question

How many shares can you buy today with $20,000 of the company of your choice? I choose PepsiCo. and I belive the price share is $147.87 unless I'm wrong. I don't fully understand this question.

Answer 1

Since the CURRENT listed share price currently is given as $146.63.

With $20,000, we can buy;

`\begin{gathered} (20,000)/(146.63)=136.39\approx\text{ 136 shares} \\ \end{gathered}`

Therefore, we can buy 136 shares with $20,000