2
QuizMultiple Choice

Stocks and Bonds

Question 2 • LVA - Mathematical Modeling - Spring

You were given 40 shares of Google stock the day you turned 18. Financal Weekly listed the stock today at $32.67. On your 18th birthday, the value of the stock was $15.10 per share. If you were to sell the stock today, determine the total amount you would receive.

Answer
A
$586.98
B
$1,306.80
C
$275.80
D
$604.00

Explanation

To find the amount you would receive by selling today, multiply the 40 shares by today’s price of $32.67 per share: 40 × $32.67 = $1,306.80. The original price of $15.10 per share does not affect the amount received today. The correct choice is $1,306.80.

AI-written and checked against the verified answer.

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