SOLUTION: Ann's stock was worth 28.25 a share when the stock market opened for the day, and its value went down 3/8 during the day. If the amounts are in dollars, how many dollars were her 4
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Ann's stock was worth 28.25 a share when the stock market opened for the day, and its value went down 3/8 during the day. If the amounts are in dollars, how many dollars were her 4
Log On
Question 1008306: Ann's stock was worth 28.25 a share when the stock market opened for the day, and its value went down 3/8 during the day. If the amounts are in dollars, how many dollars were her 40 shares of stock worth at the end of the day? Answer by fractalier(6550) (Show Source):
You can put this solution on YOUR website! If the price fell 3/8 of a point, then the new stock price is
$28.25 - $.375 = $27.875
40 shares of this would be worth
40(27.875) = $1115
