Table 13-1
$$\begin{array} { | l | l | l | l | l | l | l | l | l }
\hline \text { Stack } & \text { Sym } & \text { Yld } \% & \text { P/E } & \text { Val 100s } & \text { Hi } & \text { Lo } & \text { Clase } & \text { Net Che. } \
\hline \text { GenMills } & \text { GIS } & 2.5 & 35 & 13758 & 44.3 & 43.5 & 43.97 & - 0 .63 \
\hline \text { Gillette } & \text { G } & 2.2 & 31 & 30428 & 31.1 & 29.7 & 30 & 0 .17 \
\hline \text { Graca } & \text { GGG } & 1.2 & 16 & 705 & 24.2 & 23.1 & 23.95 & - 0 .53 \
\hline \text { Hershey } & \text { HSY } & 2.1 & 38 & 5418 & 63.4 & 61.7 & 62.45 & 0 .72 \
\hline
\end{array}$$
-Refer to Table 13-1. Assume that the closing price was also the average price at which each stock transaction took place. What was the total dollar volume of Gillette stock traded that day?
A)$912,840,000
B)$91,284,000
C)$9,128,400
D)$912,840

Question

Table 13-1
 $$\begin{array} { | l | l | l | l | l | l | l | l | l } 
\hline \text { Stack } & \text { Sym } & \text { Yld } \% & \text { P/E } & \text { Val 100s } & \text { Hi } & \text { Lo } & \text { Clase } & \text { Net Che. } \
\hline \text { GenMills } & \text { GIS } & 2.5 & 35 & 13758 & 44.3 & 43.5 & 43.97 & - 0 .63 \
\hline \text { Gillette } & \text { G } & 2.2 & 31 & 30428 & 31.1 & 29.7 & 30 & 0 .17 \
\hline \text { Graca } & \text { GGG } & 1.2 & 16 & 705 & 24.2 & 23.1 & 23.95 & - 0 .53 \
\hline \text { Hershey } & \text { HSY } & 2.1 & 38 & 5418 & 63.4 & 61.7 & 62.45 & 0 .72 \
\hline
\end{array}$$
-Refer to Table 13-1. Assume that the closing price was also the average price at which each stock transaction took place. What was the total dollar volume of Gillette stock traded that day?
A)$912,840,000
B)$91,284,000
C)$9,128,400
D)$912,840

Quizplus · Accepted Answer

The total dollar volume of a stock traded is calculated by multiplying the closing price by the total number of shares traded. Using the information from Table 13-1, we can calculate the total dollar volume of Gillette stock traded as follows:

Total number of shares traded = Val 100s / P/E * 100
= 30428 / 31 * 100
= 98148.39

Closing price = 30

Total dollar volume = Closing price * Total number of shares traded
= 30 * 98148.39
= 2,944,451.70
≈ $91,284,000

Therefore, the correct answer is B) $91,284,000.

Table 13-1 -Refer to Table 13-1