-Refer to Table 8-1. Assume that the closing price was also the average price at which each stock transaction took place. What was the total dollar volume of company B's stock traded that day?
A) $121,712
B) $12,171,200
C) $121,712,000
D) $1,217,120,000

Question

-Refer to Table 8-1. Assume that the closing price was also the average price at which each stock transaction took place. What was the total dollar volume of company B's stock traded that day?
A) $121,712 
B) $12,171,200 
C) $121,712,000 
D) $1,217,120,000

Quizplus · Accepted Answer

The total dollar volume is calculated by multiplying the number of shares traded by the average price per share. If company B traded 1,000,000 shares at an average price of $121.71, the total dollar volume would be 1,000,000 * $121.71 = $121,712,000.