Question

shantell recognized the stationery and looked forward to another her aunt mildred's letters inside though were a number of documents along with short note the note read shantell your uncle william and i are so proud of you you are the first female college graduate in our family your parents would have been so proud as well please accept these stocks as a gift towards the fulfillment of starting your new business cash them.in or keep them or later its up to you with love aunt millie shantell didnt know how to react finishing college had been very difficult for her financially having to work two jobs meany little time for studying and a nonexistent social.life but this she never expected with dreams of openinh her own floral shop any money would be a godsend she opened each certificate and found the following information Alcoa -35 shares at 15 3/8 coca cola -150 shares at 24 5/8 IBM - 80 shares at 40 11/16; and AT&T -50 shares at 35 1/8 shantell knew the certificates were old because stocks do not trade using fractions anymore what would the stock prices be for each company if they were converted from fractions to decimals ? Alcoa , coca cola , IBM , AT&T .aloca:35 shares at $34.19; coca cola : 150 shares at $48.05 ; IBM; 80 shares at $95.03; and AT&T :50 shares at $38.88. using the current prices what would be the total value of each company's stock ? Alcoa ,coca cola , IBM , AT&T what would be the total value for all of the stocks ? given the answer would you cash the stocks in now or hold on to them to see if they increased in value?

Answer 1

The conversion of stock prices from fractions to decimals requires adding the fraction value to the whole number. Multiplying the current share price by the number of shares gives the total value of the stocks for each company.

Step-by-step explanation:

Conversion of Stock Prices from Fractions to Decimals and Calculation of Total Value

To convert stock prices from fractions to decimals, divide the numerator by the denominator and add it to the whole number part. Then, to find the total value of each company's stock, multiply the number of shares by the current price per share.

• Alcoa: 35 shares at $15 + ⅛ (0.375) = $15.375 per share
• Coca Cola: 150 shares at $24 + ⅝ (0.625) = $24.625 per share
• IBM: 80 shares at $40 + ⅟ (0.6875) = $40.6875 per share
• AT&T: 50 shares at $35 + ⅙ (0.125) = $35.125 per share

Using the updated prices provided, calculate the total current value:

• Alcoa: 35 shares at $34.19 = $1,196.65
• Coca Cola: 150 shares at $48.05 = $7,207.50
• IBM: 80 shares at $95.03 = $7,602.40
• AT&T: 50 shares at $38.88 = $1,944.00

The total value of all the stocks is the sum of the total values of each company's stock, which equals $1,196.65 + $7,207.50 + $7,602.40 + $1,944.00 = $17,950.55.

Whether to cash in the stocks now or hold on to them for potential value increase is a decision Shantell would need to make based on her financial needs, market analysis, and investment goals.