If 400 shares of a stock cost $12,700, estimate the value of each share of stock.
A) $\$ 180$
B) $\$ 310$
C) $\$ 3$
D) $\$ 300$
E) $\$ 30$

Name: If 400 shares of a stock cost $12,700, estimate the value of each share of stock. A) $\$ 180$ B) $\$ 310$ C) $\$ 3$ D) $\$ 300$ E) $\$ 30$
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Question

Quizplus · Accepted Answer

To estimate the value of each share, divide the total cost by the number of shares: $12,700 / 400 = $31.75, which is closest to $30.

If 400 Shares of a Stock Cost $12,700, Estimate the Value