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Nutka1998 [239]
3 years ago
10

Your stockbroker executed the following trades for your account: • 50 shares of Kaiser Aluminum at $104 a share • 100 shares of

GTE at $25.25 a share • 20 shares of Boston Edison at $9.125 a share Based on this information, the weighted arithmetic mean price per share is?
Business
1 answer:
katrin2010 [14]3 years ago
4 0

Answer:

$46.51

Explanation:

The weighted arithmetic mean can be defined as:

M = \frac{n1P1 + n2P2 +n3P3}{n1 +n2+n3}

Where n is the number of shares and P is the share price, then:

M= \frac{50*104 + 100*25.25+ 20*9.125}{50+100+20} \\ M= \frac{7907.5}{170}\\M= 46.514

Based on this, the weighted arithmetic mean price per share is $46.51

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Answer: See explanation

Explanation:

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Answer:

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What are the determinants of supply? Instructions: In order to receive full credit, you must make a selection for each option. F
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Answer:

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Prices of other goods

Technology

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