Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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![**Text:**
Jimmy Comfort was interested in pursuing a second career after retiring from the military. He signed up with Twitter to help network with individuals in his field. Within 1 week, he received an offer from a colleague to join her start-up business in Atlanta, Georgia. Along with his salary, he receives 100 shares of stock each month. Assume the stock is worth $4.50 a share.
What is the value of the 100 shares he receives each month?
**Diagram/Interactive Element:**
There is a text box labeled "Value of the shares" where the user can input their answer.
To calculate the total value of the shares, multiply the number of shares by the price per share:
\[ \text{Value of shares} = 100 \times \$4.50 \]](https://content.bartleby.com/qna-images/question/cc951479-387e-4d42-916e-169b7920bd18/b1a988a3-7d97-4048-8b1e-f6119945b692/mjlkz6_processed.jpeg)
Transcribed Image Text:**Text:**
Jimmy Comfort was interested in pursuing a second career after retiring from the military. He signed up with Twitter to help network with individuals in his field. Within 1 week, he received an offer from a colleague to join her start-up business in Atlanta, Georgia. Along with his salary, he receives 100 shares of stock each month. Assume the stock is worth $4.50 a share.
What is the value of the 100 shares he receives each month?
**Diagram/Interactive Element:**
There is a text box labeled "Value of the shares" where the user can input their answer.
To calculate the total value of the shares, multiply the number of shares by the price per share:
\[ \text{Value of shares} = 100 \times \$4.50 \]
Expert Solution
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Step 1: Define=stocks
Stocks ar kind of ownership in the company and ownership percentage depends on the shareholding.
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