Question

Two years ago, Rob bought some shares of a stock, and today those shares have a value of $19.80 each. The price when Rob bought the stock was 3/4 of the current price per share.

Rob paid ________ per share when he bought the stock two years ago.

Answer 1

$14.85 per share.

Explanation:

Answer 2

$14.85 per share

Explanation:

(3/4) of the current price = (3/4)·($19.80) = $14.85

Rob paid $14.85 per share.