Question

Krit Corp. is a US manufacturing company based in the Midwest. As an investor, Wilson bought 225 shares of stock in Krit Corp. The stock price of Krit Corp. is currently trading at $30.00 per share. Wilson's total wealth in Krit Corp. is:

a. $6,500.00
b. $6,750.00
c. $750.00
d. $225.00

Answer 1

Wilson's total wealth in Krit Corp. is calculated by multiplying the number of shares by the current stock price, resulting in a total of $6,750.00. Option b is correct.

Step-by-step explanation:

To calculate Wilson's total wealth in Krit Corp., we need to multiply the number of shares he owns by the current stock price per share. Wilson bought 225 shares, and the stock is currently trading at $30.00 per share.

Therefore, the total wealth is calculated as follows:

Total wealth = Number of shares × Current stock price

Total wealth = 225 shares × $30.00/share

Total wealth = $6,750.00

So the correct answer to the question is b. $6,750.00.