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. 👁
  1. (50*100 + 100*27.20+ 20*12.20)/(50+ 100+20) =

    $7964/170
    = $46.85

    1. 👍
    2. 👎
  2. Thank you so much!!!

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    Given: 20,000 shares cumulative preferred stock ($2.25 dividend per share): 40,000 shares common stock. Dividends paid: 2013, $8,000; 2014, 0; and 2015, $160,000. How much will the preferred stockholders and the common

  2. math

    Mr. Bobby bought 50 shares at $60, and 2 months later purchased 25 shares a $56.at what price should he purchase 25 additional shares in order to have an average price $58 per share?

  3. Advanced Algebra

    HELP! WHICH IS THE HIGHEST RISK INVESTMENT? List the following stocks and bonds in order from highest default risk to lowest default risk: A municipal bond in a city with a population of 150,000 A common stock in a company under

  4. accounting

    Finishing Touches has two classes of stock authorized: 8%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2010, its first year of operations: January 2 Issue 100,000 shares

  1. Algebra 2 ..........

    During a sale, a music store is selling all drum kits for 20% off. Preferred customers also receive an additional 15% off. 1. Write a composite function to represent the final cost of a kit that originally cost c dollars. 2. Find

  2. accounts

    Ex 11.5 The year-end balance sheet of Jackson Products, INC., includes the following stockholders' equity section (with certain details ommited): Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par

  3. Accounting

    xyz limited, since it was organized in january 2014, has had outstanding 1,500, ten-dollar, nonparticipating, preferred shares, and 15,000 common shares. the corporation declared and paid dividends each year as shown below

  4. Accounting

    A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of $10, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as

  1. Finance

    A share of preferred stock of MXT Ltd. is expected to pay $1.5 per quarter into indefinite future. The current annual expected rate of return (k) is 12%. Suppose that an investor buys 10 shares today and holds them for two years.

  2. financial accounting

    (5) Chapter 13 Problem The Torre Company has the following balances in stockholders equity on December 31st. Common Stock - $5.00 par, 60,000 issued $300,000 Additional paid in capital - common 600,000 Preferred stock - $100 par,

  3. Finance Challenge

    The new RDS project is somewhat riskier than a typical project for DEI, primarily because the plant is being located overseas. Management has told you to use an adjustment factor of 3 percent to account for this increased

  4. 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

You can view more similar questions or ask a new question.