Question

28 point and branliest
Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the same?
A.
$6.20
B.
$18.20
C.
$24.04
D.
$24.40

Answer 1

Answer: $18.20

Step-by-step explanation:

390.40/16 to find the initial costs of the shares. That would be $24.40 per share. However, since the stock has fallen, you would do that same division, but with the new value. 291.20/16, which is $18.20

Answer 2

Answer:

$18.20 per share is the value of each stock currently

Step-by-step explanation:

Take the value the stocks are worth now and divide by the number of shares

291.20/16

$18.20 per share

$18.20 per share is the value of each stock currently