Suppose a stock is selling on a stock exchange for $43 \frac { 3 } { 8 }$ dollars per share. If you buy 100 shares, how much have you spent?
A) $\$ 4,300.00$
B) $\$ 4,337.50$
C) $\$ 4,342.50$
D) $\$ 4,300.38$
E) none of these

Question

Quizplus · Accepted Answer

To find the cost of 100 shares, we need to multiply the price per share by the number of shares:

$43 \frac{3}{8} \text{ dollars per share} \times 100 \text{ shares} = 4337.50$ dollars

Therefore, the correct answer is B: $\$4,337.50$.

Suppose a Stock Is Selling on a Stock Exchange For 43