A Stockbroker Placed the Following Order for a Customer

question 96

Multiple Choice

A stockbroker placed the following order for a customer:
*50 shares of Kaiser Aluminum preferred at $104 a share
* 100 shares of GTE preferred at $25.25 a share
* 20 shares of Boston Edison preferred at $9.125 a share
What is the weighted arithmetic mean price per share?

• A) $25.25
• B) $79.75
• C) $103.50
• D) $46.51

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Definitions:

Restrictive Covenants

Legal agreements tied to a property that restrict the actions property owners can take, often used in employment contracts and real estate.

Neighborhood Conformity

The phenomenon where properties within a certain area tend to show uniformity in terms of appearance, value, and use due to similar societal or zoning pressures.

Square Foot Homes

A measure used to indicate the area of a residential property, typically used in real estate to describe the size of homes.

Special Warranty

A warranty in a deed that the grantor only guarantees against title defects that occurred during their ownership of the property.