You invested $8,307 into stocks of a company which were priced at $13.71/sh. you decide to sell the stock. what is the sale amount if the stock is selling at $13.95/sh?

$8,453.70

step-by-step explanation:

find out how many shares you bought.   this is done by dividing the total dollar amount invested by the price per

8307/13.71 = 605.908  

since you can't have parts of a share, we should round up to 606 shares.

now you can sell the 606 shares at $13.95 per share which gives you a sale price

606(13.95) = $8,453.70

***if we don't round up we would get a sale amount of

605.908(13.95) = $8,452.42

55/i dont know i do it for the points

step-by-step explanation:

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