Question

Marissa owns 135 shares of stock. Her dividend is $0.50 per share. How many shares can she buy of a different stock selling for 11?

Answer 1

6 shares

Explanation:

Marissa number of shares of stock = 135

Marissa amount per stock = $0.5

Therefore total share of stock value = number of shares of stock * amount per stock.

Total share of stock value = 135 * 0.5 = $67.5

Number of shares she can buy of a different stock selling for $11, would be determined by her total share of stock value. Which would be total stick value divided by the stock selling price ($11).

Therefore:

Number of shares she can buy of a different stock selling for $11 equals,

= $67.5/$11

= 6.1

Number of shares she can buy of a different stock selling for $11 equals 6 shares.

Answer 2

- If the new stock is selling for $11 per share, Marissa can buy 6 shares.

- If the new stock is selling for 11 cents per share, Marissa can buy 613 shares.

Explanation:

The question is not totally clear with the last statement.

- How many shares can she now buy of a different stock, selling for $11 per share?

- How many shares can she now buy of a different stock, selling for 11 cents per share?

Marissa has 135 shares of stock

Each share has a dividend of $0.50 per share,

The dividend from her 135 shares of stock would be 135 × $0.5 = $67.5

How many shares can she now buy of a different stock, selling for $11 per share?

= ($67.5/$11) = 6.14 ≈ 6 shares

If the new stock is selling for 11 cents per share, the number of shares she can buy = (67.5/0.11) = 613.6 ≈ 613 shares

Hope this Helps!!!