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1 year ago

Mark invests $150 at the beginning of each quarter in stock ABC. According

Mathematics

1 answer:

liraira [26]1 year ago

3 0

The shares of ABC will Mark own at the end of the year is 38 shares , Option D is the right answer.

<h3>What is a Quarter ?</h3>

A quarter is when something is divided into 4 equal parts , A year has a quarter of 3 months.

It is given that Mark Invests $150 at the beginning of each quarter in stock ABC.

According to the data given

In Q1 , the price of the share is $15

150/15 = 10 shares

In Q2 , the price of the share is $16

150/16 = 9 shares approx

In Q3 , the price of the share is $13

150/13 = 11 approx

In Q4,the price of the share is $18

15/18 = 8

Therefore the total shares = 10+9+11+8 = 38 shares approx.

To know more about Quarter.

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