Question

Daniel Hankins bought 2,200 shares of EFG stock at the quoted price of 40.125. How much did he pay for the stock?$88,275$68,044$78,966$90,540None of these choices are correct.

Answer 1

shares = 2,200

price = 40.125

Therefore,

$\begin{gathered} \text{amount paid for the stock=2200}\times40.125 \\ \text{amount paid for the stock}= \text{ \ 88,275} \end{gathered}$