Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stockbroker placed the following order for a customer: -50 shares of Kaiser Aluminum at $104 a share -100 shares of GTE at $25 a
A stockbroker placed the following order for a customer:
-50 shares of Kaiser Aluminum at $104 a share
-100 shares of GTE at $25 a share
-20 shares of Boston Edison at $9 a share
What is the weighted arithmetic mean price per share? Round your answer to two decimal places. Do not enter a $ sign.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started