You opened a Robinhood Gold margin account this summer with $7,740. At the end of July, you saw that the number of Robinhood accounts holding Kodak (ticker KODK) jumped from 9,312 to 132,412. The sudden interest in the stock was due to an announcement on July 28^th, 2020 that Kodak would receive a loan of $765 million from the Federal government to retool two of its plants to manufacture coronavirus vaccine ingredients. The price of the stock increased from $2.62 on July 27^th, 2020 to $33.20 on July 29^th, 2020. On July 29^th, 2020, you decided to join the action and purchased KODK. The graph below shows you the evolution of prices for July-August 2020. The table below gives you the evolution of the bid and ask prices at the time you purchased KODK.

Kodak's prices July-August 2020

KODK Quotes on July 29^th, 2020

Time

Bid

Ask

15:47:06

38.70

38.88

15:47:10

38.55

38.70

15:47:14

38.53

38.69

15:48:05

39.01

39.09

15:49:10

37.40

37.49

15:49:46

36.60

36.80

15:50:39

37.16

37.17

15:50:46

37.07

37.29

15:51:37

34.60

34.97

15:51:42

34.60

34.72

15:51:44

34.34

34.65

Scenario 1: Buy with market order on July 29, 2020 at 15:47:12. Invest $7,740.

If you sent a market order to purchase the stock at 15:47:12, what was the price per share that you paid for KODK? ___________

At that price, how many shares can you purchase if you invest your entire $7,740?

___________