Question

Daniel Hankins bought 2,200 shares of EFG stock at the quoted price of 40.125. How much did he pay for the stock?$88,275$68,044$78,966$90,540None of these choices are correct.

Answer 1

shares = 2,200

price = 40.125

Therefore,

`\begin{gathered} \text{amount paid for the stock=2200}*40.125 \\ \text{amount paid for the stock}=$\text{ \$88,275}$ \end{gathered}`