Question

Stock prices used to be quoted using eighths of a dollar. Find the total price of the transaction. 400 shares of national semi at 135 1/2

Answer 1

To find the total price of the transaction, multiply the number of shares by the price per share. The total price of the transaction is $54,200.

Step-by-step explanation:

To find the total price of the transaction, we need to multiply the number of shares by the price per share. In this case, we have 400 shares of National Semi at 135 1/2. To calculate the price per share, we need to convert 1/2 to its decimal equivalent, which is 0.5. So, the price per share is 135 + 0.5 = 135.5 dollars. Now, we can find the total price of the transaction by multiplying the number of shares (400) by the price per share (135.5).

Total price of the transaction = 400 * 135.5 = 54,200 dollars.

Answer 2

The value is
`T = \$54200`

Step-by-step explanation:

From the question we are told that

The number of shares is n = 400

The rate of each share is
`k = 135(1)/(2) = 135.5`

Generally the total price is mathematically represented as

`T = 400 * 135.5`

`T = \$54200`