Asked by Matthew

How do you find the price of each share if 700 shares of stock are sold for $55.00 ?
Answered by Ms. Sue
Are you sure you've copied this problem correctly?

55/700 = $0.08 per share
Answered by Ms. Sue
More precisely -- the price of each share is $0.0785713

Answered by Matthew
Yes, I copied it correctly. I was wondering too.
Thank you for your help
Answered by Reiny
"Penny stock"
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