Answer the following questions and fill in the chart
BA111-Group Work #2 - Decimals Names: Shantell received a letter from her Aunt Mildred. Inside there were a number of documents with a short note. The note read: "Shantell, Uncle William and I are so proud of you. You are the first female college graduate of our family. Please accept these stocks as a gift toward the fulfillment of starting your new business. Cash them in or keep them for later, it's up to you! With love, Aurt Millie." Shantell didn't know how to react. Finishing college had been very difficult for her financially. With dreams of opening her own floral shop, any money would be a godsend. She opened each certificate and found the following": 1. Akoa - 35 shares at 15 3/8 2. Coca Cola - 150 shares at 245/8 3. IBM-80 shares at 40 11/16 4. AT&T - 50 shares at 35 1/8 Answer the following questions based on the information given regarding the stocks. 1. Shantell knew the certificates were ok, because stocks do not trade tsing fractions anymore. What would the stock prices be for each company if they were converted to decimals? Do not round the decimal equivalents. Fill in the table. (HINT: You already have the whole number for the decimal equivalent, all you need to do is divide the fraction for the decimal part!) Decimal Equivalent of Given fraction Company Alcoa Coca Cola IBM AT&T 2. Using your answers from #1, Find the total vahe of each company's stock to the nearest cent. What is the total value from all four companies? Fill in the table. (HINT: To find the value, you multiply the number of shares by the worth of each share) Decimal Equivalent Number of Shares Value of Shares Company Alcoa Coca Cola IBM AT&T Total 3. Shantell couldn't believe her eyes. The total she came up with was over $9000! Suddenly, though, she realized that the amounts she got could not possibly be the current stock prices. After 30 minutes online, she was confident she had the current prices (listed in the table below). Using these prices complete the table by finding the current value of her stock shares. What is the new total for all the stocks? Given the new total of the stocks, would you cash them in now or hold on to them to see if they increase in value? Value of Shares Company Alcoa Coca Cola IBM AT&T Current Rate $6.88 $41.64 $130.09 $35.07 Number of Shares 35 150 80 50 Total