whitneykhicks94 whitneykhicks94
  • 19-08-2020
  • Mathematics
contestada

Stock prices used to be quoted using eighths of a dollar. Find the total price of the transaction. 400 shares of national semi at 135 1/2

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okpalawalter8
okpalawalter8 okpalawalter8
  • 25-08-2020

Answer:

The value is [tex]T = \$54200[/tex]

Step-by-step explanation:

From the question we are told that

      The  number of shares is  n  =  400

      The rate  of each share is  [tex]k = 135\frac{1}{2} = 135.5[/tex]

Generally the total price is mathematically represented as

     [tex]T = 400 * 135.5[/tex]

      [tex]T = \$54200[/tex]

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