Question

Stock prices used to be quoted using eighths of a dollar. Find the total price of the transaction. 400 shares of national semi at 135 1/2

Answer 1

Answer:

The value is $T = \ 54200$

Step-by-step explanation:

From the question we are told that

      The  number of shares is  n  =  400

      The rate  of each share is  $k = 135\frac{1}{2} = 135.5$

Generally the total price is mathematically represented as

     $T = 400 * 135.5$

      $T = \ 54200$