15
QuizMultiple Choice

Buying and Selling Stock

Question 15 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Kristen owns 61 shares of Prince Waste Collection and 45 shares of Nar Heating/Cooling. Nar Heating/Cooling is worth $7.88 per share and Prince Waste Collection is worth $16.59 per share. If Kristen sells all of her stocks, how much money will she receive?

Answer
A
$657.39
B
$1,366.59
C
$1,227.23
D
$1,296.91

Explanation

Prince Waste Collection shares are worth 61 × $16.59 = $1,011.99. Nar Heating/Cooling shares are worth 45 × $7.88 = $354.60. Add the values: $1,011.99 + $354.60 = $1,366.59, so Kristen will receive $1,366.59.

AI-written and checked against the verified answer.

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