Question

"On December 1st, an officer of REX Corporation wishes to sell stock under Rule 144. REX has 15,000,000 shares outstanding. The previous weeks' trading volumes are:"

Answer 1

178,750 average shares

Step-by-step explanation:

The computation of the maximum permitted sale is shown below:

But before that we need to find out the total volume which is

= nov 14 trading volume + nov 7 trading volume + oct 31 trading volume + oct 24 trading volume

= 185,000 shares + 165,000 shares + 175,000 shares + 190,000 shares

= 715,000 shares

Now

maximum permitted sale is

= 715,000 shares ÷ 4

= 178,750 average shares