How many round lots were traded in a specific stock on a day in which 467,800 shares changed hands?
A)467.8 round lots
B)4,678 round lots
C)467,800 round lots
D)Price must be known to determine round lots

Question

Quizplus · Accepted Answer

To determine the number of round lots traded, we must divide the total number of shares traded (467,800) by the round lot size of the specific stock. Without the round lot size information, we cannot determine the number of round lots traded. However, we can still estimate it by assuming a round lot size of 100 shares, which is common in the US. Using this assumption, we would get 467,800/100 = 4,678 round lots. Therefore, the best answer is B, which assumes a round lot size of 100 shares.

How Many Round Lots Were Traded in a Specific Stock