A Stockbroker Placed the Following Order for a Customer

question 14

Multiple Choice

A stockbroker placed the following order for a customer:
• 50 shares of Kaiser Aluminum at $104 a share
• 100 shares of GTE at $25.25 a share
• 20 shares of Boston Edison 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:

Conservatism

A political and social philosophy promoting traditional institutions and practices, emphasizing stability, continuity, and respect for cultural heritage.

Pretend Play

A form of play in which children use their imagination to create scenarios, often involving role-playing or make-believe.

Conservation

The principle in cognitive development that recognizes the ability to understand that redistributing material does not affect its mass, number, or volume.

Egocentrism

A cognitive bias where an individual is unable to differentiate between their own perspective and that of others.