Facebook's initial IPO was $38 per share. Arianna purchased 616 shares. Assuming a cost of $7.00 to purchase the 616 shares, what was Arianna's total cost?

Question

Quizplus · Accepted Answer

Arianna's total cost is the sum of the cost of the shares and the cost of the purchase. The cost of the shares is 616 * $38 = $23,408. The cost of the purchase is $7.00. Therefore, Arianna's total cost is $23,408 + $7.00 = $23,415.

Facebook's Initial IPO Was $38 Per Share