Question

How do you find the price of each share if 700 shares of stock are sold for $55.00 ?

Answer 1

Are you sure you've copied this problem correctly?

55/700 = $0.08 per share

Answer 2

More precisely -- the price of each share is $0.0785713

Answer 3

Yes, I copied it correctly. I was wondering too.
Thank you for your help

Answer 4

"Penny stock"