Table 8-1
The following table shows stock prices and volumes for a few hypothetical companies.

-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?

Question

Table 8-1
The following table shows stock prices and volumes for a few hypothetical companies.
 
-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?

Quizplus · Accepted Answer

The total dollar volume of a stock is calculated by multiplying the closing price by the number of shares traded. Assuming the closing price was the average price, the total dollar volume for company B's stock is $91,284,000.

Table 8-1 the Following Table Shows Stock Prices and Volumes for a for a Few