One way that a company can raise money for expansion is to sell stock. When you buy a share of a company's stock, you become a s
hareholder, or part owner, of that company. The cost of a share is often represented in points, where each points represents one dollar. When a stock gains points, its shares increase in value, and when a stock loses points, its shares decrease in value. For instance, if a stock gains three points one day, each share of its stock is worth three dollars more than it was the day before. Positive decimal numbers are used to represent gains, and negative decimal numbers are used to represent losses.
On Monday, the closing value of a share of stock in Company ABC, was 74.01. On Tuesday, it closed at 73.67, and on Wednesday, it closed at 74.32. On Thursday, the change in stock value was -1.48. And, on Friday, Company ABC's stock gained 0.89 points. Answer the following questions based on Company ABC's stock performance this week.
One shareholder owns 13 shares of Company ABC's stock. What was the total value of their stock in this company at the close of Tuesday?
