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Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the …

Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the …
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Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the same? $6.20

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User Andrey Topoleov
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8.1k points

2 Answers

3 votes

The answer is 18.20. Hope this helped you!

answered
User Dieguinho
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8.1k points
3 votes
291.20 / 16 = 18.20 per share
answered
User Bamblack
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8.5k points
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