SOLUTION: The sum of $5,992 was spent for 214 shares of stock. What was the cost per share? I believe I divide 5,992 by 214 but I am not sure could someone please help me.

Algebra ->  Finance -> SOLUTION: The sum of $5,992 was spent for 214 shares of stock. What was the cost per share? I believe I divide 5,992 by 214 but I am not sure could someone please help me.      Log On


   

Question 396243: The sum of $5,992 was spent for 214 shares of stock. What was the cost per share?
I believe I divide 5,992 by 214 but I am not sure could someone please help me.
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
You are correct. The cost per share would be 5992%2F214=28 dollars a share.