Answer:
[tex]957.71[/tex]
Step-by-step explanation:
Given: On Monday, the closing value of a share of stock in Company ABC, was [tex]74.01[/tex]. On Tuesday, it closed at [tex]73.67[/tex], and on Wednesday, it closed at [tex]74.32[/tex]. On Thursday, the change in stock value was [tex]-1.48[/tex]. And, on Friday, Company ABC's stock gained [tex]0.89[/tex]points.
To Find: One shareholder owns [tex]13[/tex]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 [tex]=74.01[/tex]
Closing value of Shares of company ABC on Tuesday [tex]=73.67[/tex]
Closing value of Shares of company ABC on Wednesday [tex]=74.32[/tex]
on Thursday change in stock value was [tex]-1.48[/tex]
Closing value of Shares of company ABC on Thursday [tex]=72.84[/tex]
on Friday comapny's stock gained [tex]0.89[/tex] points
Closing value of Shares of company ABC on Friday [tex]=73.73[/tex]
As one shareholder owns [tex]13[/tex] shares of company
Total value of shares on Tuesday is
[tex]=\text{number of shares}\times\text{closing stock value on tuesday}[/tex]
[tex]=13\times73.67[/tex]
[tex]=957.71[/tex]
Hence total value of shareholder's share on close of Tuesday is [tex]957.71[/tex]
