You invest 3756.00 and buy 100 shares of a company's stock their value increases by 12% how much is each share worth
First, we need to determine the total value of the 100 shares after the increase:
3756 x 1.12 = 4207.92
So the total value of the 100 shares is now $4207.92.
To find out how much each share is worth, we divide the total value by the number of shares:
4207.92 / 100 = $42.08
Therefore, each share is now worth $42.08.
It is 42.07
I apologize for my mistake. Yes, the value of each share after the increase is $42.07, which is calculated by dividing the total value of $4207.92 by the number of shares, which is 100. Thank you for bringing this to my attention.
To calculate the new value of each share after a 12% increase in stock value, you can follow these steps:
1. Begin by calculating the 12% increase of the investment amount. 12% of 3756.00 can be obtained by multiplying 3756.00 by 0.12:
3756.00 * 0.12 = 450.72
2. Add the increase to the original investment amount to find the new total value:
3756.00 + 450.72 = 4206.72
3. Divide the new total value by the quantity of shares owned to get the value per share:
4206.72 / 100 = 42.0672
Therefore, each share is now worth approximately $42.07 after the 12% increase in the stock's value.