Math, asked by nandagopaalpv, 1 year ago

Facebook's initial IPO was $38 per share. Arianna purchased 616 shares. Assuming a cost of $7.00 to purchase the 616 shares, what was Arianna's total cost?

Answers

Answered by Arslankincsem

The cost of the initial IPO of Facebook is $38 per share.

The cost of 616 share will be = 616 * 38 = $23,408

Since you know the cost of one share you need to multiply it with the total number of shares that are bought by Arianna that can give you the exact answer.

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