Answer to Question #155519 in Financial Math for Angelie Suarez

Question

stock purchases at the price per share of General Dynamics 98.59, How many shares of the stock can you purchase for $5000?

Answer 1

Answer:

Number of shares purchased = $Total Amount \over Price Per Share$

Number of shares purchased = $5000 \over 98.59$

Number of shares purchased = 50.71

Number of shares purchased = 50 shares (rounded off to whole number)