7
QuizMultiple Choice

Stocks and Bonds

Question 7 • LVA - Mathematical Modeling - Spring

You were given 25 shares of Microsoft stock as a graduation present from your parents. The television lists the value of that stock at $45.12. When your parents purchased the stock, it was valued at $29.32. Determine the amount you would get if you had sold all your shares at the present value.

Answer
A
$1,128.00
B
$782.00
C
$902.40
D
$992.64

Explanation

To find the amount from selling all 25 shares at the present value, multiply 25 by $45.12: 25 × $45.12 = $1,128.00. The purchase price of $29.32 does not affect the amount received at today’s selling price. The correct choice is $1,128.00.

AI-written and checked against the verified answer.

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