Jay owns 500 shares of Baker stock. The current bid price is $78.05 per share and the current ask price is $78.10 per share. What is the current value of his shares?
A)$26,605
B)$28,820
C)$39,025
D)$39,050
E)$40,350

Question

Quizplus · Accepted Answer

To find the current value of Jay's shares, we need to multiply the number of shares by the current ask price.

$78.10 per share x 500 shares = $39,050

Therefore, the current value of Jay's shares is $39,050. The correct answer is (D).

Jay Owns 500 Shares of Baker Stock