Question

Mark invests $150 at the beginning of each quarter in stock ABC. According
to the table below, how many shares of ABC will Mark own at the end of the
year?
ABC
Stock Price
Q1
$15
Q2
$16
Q3
$13
Q4
$18
D
A. 36 shares
B. 44 shares
C. 40 shares
D. 38 shares

Answer 1

A quarter is when something is divided into 4 equal parts. The correct option is D.

What is a Quarter ?

A quarter is when something is divided into 4 equal parts , A year has a quarter of 3 months.

It is given that Mark Invests  $150 at the beginning of each quarter in stock ABC.

According to the data given

In Q1, the price of the share is $15

150/15 = 10 shares

In Q2, the price of the share is $16

150/16 = 9 shares approx

In Q3, the price of the share is $13

150/13 = 11 approx

In Q4, the price of the share is $18

15/18 = 8

Therefore, the total shares = 10+9+11+8 = 38 shares approx.

To know more about Quarter:

https://brainly.com/question/391885

#SPJ1