Question

Suppose instead that on January 27, 2011, you wanted to sell your 10,000 shares of Ford stock but you reduced your asking price to $18.75 per share? How many shares would you sell?

Answer 1

To determine how many shares you would sell, assume that there is a buyer for all 10,000 shares at the price of $18.75 each. The total transaction amount would be the product of multiplying the number of shares by the selling price per share.

Step-by-step explanation:

The question is related to the concept of buying and selling stocks. Since it asks about how many shares you would sell at a certain price, it is assuming that the number of shares you wish to sell is equivalent to the number of shares a buyer is willing to buy at that price.

In this scenario, if you want to sell your 10,000 shares at $18.75 per share, you will sell all 10,000 shares provided there is a buyer for them at that price. The total amount of the transaction would be the number of shares multiplied by the price per share, which in this case is 10,000 shares × $18.75 per share.