Answer:
![957.71](https://tex.z-dn.net/?f=957.71)
Step-by-step explanation:
Given: On Monday, the closing value of a share of stock in Company ABC, was
. On Tuesday, it closed at
, and on Wednesday, it closed at
. On Thursday, the change in stock value was
. And, on Friday, Company ABC's stock gained
points.
To Find: One shareholder owns
shares of Company ABC's stock. What was the total value of their stock in this company at the close of Tuesday.
Solution:
Closing value of Shares of company ABC on Monday ![=74.01](https://tex.z-dn.net/?f=%3D74.01)
Closing value of Shares of company ABC on Tuesday ![=73.67](https://tex.z-dn.net/?f=%3D73.67)
Closing value of Shares of company ABC on Wednesday ![=74.32](https://tex.z-dn.net/?f=%3D74.32)
on Thursday change in stock value was ![-1.48](https://tex.z-dn.net/?f=-1.48)
Closing value of Shares of company ABC on Thursday ![=72.84](https://tex.z-dn.net/?f=%3D72.84)
on Friday comapny's stock gained
points
Closing value of Shares of company ABC on Friday ![=73.73](https://tex.z-dn.net/?f=%3D73.73)
As one shareholder owns
shares of company
Total value of shares on Tuesday is
![=\text{number of shares}\times\text{closing stock value on tuesday}](https://tex.z-dn.net/?f=%3D%5Ctext%7Bnumber%20of%20shares%7D%5Ctimes%5Ctext%7Bclosing%20stock%20value%20on%20tuesday%7D)
![=13\times73.67](https://tex.z-dn.net/?f=%3D13%5Ctimes73.67)
![=957.71](https://tex.z-dn.net/?f=%3D957.71)
Hence total value of shareholder's share on close of Tuesday is