Question

Nancy purchased shares of Micron for $51.33 per share. She plans to sell the shares when the stock price rises 35%. At what price will she sell her shares? *

Answer 1

Answer: $69.30 per share (rounded up to the nearest penny)

Explanation:

51.33 x 0.35 = 17.9655 (this is the increased value in the stock)

51.33 + 17.9655 = 69.2955