Chiko bought 75 shares of stock at $19.58 per share. he received dividends of $73.42 during the year. at the end of the year, his stock was valued at $22.14. what was his purchase price?
Hi, to answer this question we simply have to multiply the price of each share of stock ($19.58) by the number of shares of stock bought (75 ).
Price per share x number of shares = 19.58 x 75 = $1,468.5
His purchase price was 1,468.5
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