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2 answers:
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Answer:
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
Closing value of Shares of company ABC on Tuesday
Closing value of Shares of company ABC on Wednesday
on Thursday change in stock value was
Closing value of Shares of company ABC on Thursday
on Friday comapny's stock gained points
Closing value of Shares of company ABC on Friday
As one shareholder owns shares of company
Total value of shares on Tuesday is
Hence total value of shareholder's share on close of Tuesday is