Question

Alan purchased 16 shares of company stock for three 390.49 a month later the total value of his shares 291.20 what is the current price per share of each share cost the same

Answer 1

$18.20

Explanation:

1- Alan initially purchased his company stock, the price per share was $24.40 ($390.40/16).

2- Being that the stock has fallen, the stock price is now $18.20 ($291.20/16).