# Economics and Statistics

A stockbroker placed the following order for a customer:

• 50 shares of Kaiser Aluminum preferred at \$100 a share
• 100 shares of GTE preferred at \$27.20 a share
• 20 shares of Boston Edison preferred at \$12.20 a share

What is the weighted arithmetic mean price per share?
\$99.50
\$46.85
\$67.19
\$27.20

1. 👍
2. 👎
3. 👁
4. ℹ️
5. 🚩
1. (50*100 + 100*27.20+ 20*12.20)/(50+ 100+20) =

\$7964/170
= \$46.85

1. 👍
2. 👎
3. ℹ️
4. 🚩
2. (50*100 + 100*27.20+ 20*12.20)/(50+ 100+20) =

\$7964/170
= \$46.85

1. 👍
2. 👎
3. ℹ️
4. 🚩

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