A Stockbroker Placed the Following Order for a Customer

question 58

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 1/4 a share
-20 shares of Boston Edison preferred at $9 1/8 a share
What is the weighted arithmetic mean price per share?

• A) $25.25
• B) $79.75
• C) $103.50
• D) $42.75
• E) Weighted mean cannot be computed for this data set.

---

Definitions:

Working Class

A social group consisting of people employed in lower tier jobs, often involving manual labor and receiving wages.

Employing Class

A term that represents the group of individuals or entities that hire or employ workers, typically used in discussions surrounding labor and economic dynamics.

Wage System

A method or structure for compensating employees based on hours worked, job role, or performance, among other factors.

Aggregated Wealth

The total market value of all financial and non-financial assets owned by a group or country, minus liabilities.