5 plus 2 minus 6 times 4
2 answers:
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- <u>Jan </u><u>purchased </u><u>1</u><u>4</u><u>0</u><u> </u><u>shares </u><u>of </u><u>stock </u><u>in </u><u>ABC </u><u>company </u><u>at </u><u>a </u><u>price </u><u>of </u><u>$</u><u>1</u><u>8</u><u>.</u><u>7</u><u>5</u><u> </u><u>per </u><u>share </u>
- <u>During </u><u>the </u><u>next </u><u>3</u><u> </u><u>days</u><u>, </u><u> </u><u>the </u><u>value </u><u>of </u><u>share </u><u>declined </u><u>by </u><u>$</u><u>1</u><u>.</u><u>0</u><u>0</u><u> </u><u>,</u><u> </u><u>$</u><u>1</u><u>.</u><u>7</u><u>5</u><u> </u><u>and </u><u>$</u><u>1</u><u>.</u><u>5</u><u>0</u>
- <u>We </u><u>have </u><u>to </u><u>find </u><u>the </u><u>value </u><u>of </u><u>a </u><u>share </u><u>of </u><u>ABC </u><u>stock </u><u>at </u><u>the </u><u>end </u><u>of </u><u>3</u><u> </u><u>days </u>
<u>According </u><u>to </u><u>the </u><u>question</u><u>, </u>
Cost of 1 share of ABC company = $18.75
<u>Therefore</u><u>, </u>
Cost of 140 shares purchased by Jan in the ABC company
<u>Now</u><u>, </u>
For next 3 days, the value of share declined
<u>Therefore</u><u>, </u>
The value of shares after 3 days will be
Hence, The value of share after 3 days will be $18.75 .