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Ann held 90 shares of the company whose stock value changed
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03 Dec 2020, 10:27
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Question Stats:
78% (01:27) correct
21% (01:23) wrong based on 23 sessions
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The data show the high and low dollar values of five tech company’s stocks in the year 2012
Ann held 90 shares of the company whose stock value changed by the least amount during the year. If she sold these shares at their maximum value and used the money to buy shares of the least expensive stock at its lowest value of the year, how many shares was she able to buy?
Re: Ann held 90 shares of the company whose stock value changed
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22 Dec 2020, 14:38
1
The company whose stock value changed by the least during the year is "MicroTech". As the maximum value of "MicroTech" is $70. Selling 90 shares at $70 means Ann earned money $6300 = $70 x 90.
By using $6300, Ann bought shares of the least expensive stock at its lowest value whih is "LinkUp" and the lowest value is $10.