If the value of each share increases by 10%, we can calculate the new value per share by multiplying the original value per share by 1.10 (since 10% = 0.10).
Original value per share = $2500.00 / 125 shares = $20.00
New value per share = $20.00 * 1.10 = $22.00
Therefore, after the 10% increase in value, each share is worth $22.00.
You invest $2,500.00 in a stock plan, buying 125 shares. If each share increases in value by 10%, how much is each share worth?
1 answer
1 answer