Answer:
- If the new stock is selling for $11 per share, Marissa can buy 6 shares.
- If the new stock is selling for 11 cents per share, Marissa can buy 613 shares.
Step-by-step explanation:
The question is not totally clear with the last statement.
- How many shares can she now buy of a different stock, selling for $11 per share?
- How many shares can she now buy of a different stock, selling for 11 cents per share?
Marissa has 135 shares of stock
Each share has a dividend of $0.50 per share,
The dividend from her 135 shares of stock would be 135 × $0.5 = $67.5
How many shares can she now buy of a different stock, selling for $11 per share?
= ($67.5/$11) = 6.14 ≈ 6 shares
If the new stock is selling for 11 cents per share, the number of shares she can buy = (67.5/0.11) = 613.6 ≈ 613 shares
Hope this Helps!!!
