An investor purchases 50 shares of stock at RS 3.50 per share. The next day the change in the value of a share of the stock is -0.25. What is the total value of the shares on the next day?
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Answer:
value one first day = 3.50
decrease in value =0.25
new value = 3.50-0.25
=3.25
value of shares = 3.25×50
=162.5
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The total value of the shares on the next day is Rs. 162.50
Given:
Stocks purchased = 50
Initial price = Rs. 3.50
Change in stock value per share = -0.25
To find:
Total value of shares next day
Solution:
Total amount paid for stocks = Initial price * stocks purchased
= 3.50 * 50
= Rs. 175
New price after reduction in value = Original price - reduction in value
= 3.50 - 0.25
= 3.25
Total value of stocks on next day = price on next day * total shares
= 3.25 * 50
= Rs. 162.50
The total value of the shares on the next day is Rs. 162.50.
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