Question

Chiko bought 75 shares of stock at $19.58 per share. He received dividends of $73.42 during the year. At the end of the year, his stock was valued at $22.14. (Do not use commas, percentage signs or dollar signs in your answers. Round percentage answers to the nearest tenth) What was his purchase price?

Answer 1

Answer: 1,468.5

Step-by-step explanation:

Hi, to answer this question we simply have to multiply the price of each share of stock ($19.58) by the number of shares of stock bought (75 ).

Mathematically speaking:

Price per share x number of shares = 19.58 x 75 = $1,468.5  

His purchase price was 1,468.5

Feel free to ask for more if needed or if you did not understand something.