An Investor Bought Common Stock of Blackstone Company on Several

question 89

Multiple Choice

An investor bought common stock of Blackstone Company on several occasions at the following prices. The following frequency distribution represents the number of hours studied per week by a sample of 50 students. (See the Excel Data File.)
The average price per share at which the investor bought these shares of common stock was the closest to ________.

• A) $28.00
• B) $29.43
• C) $30.67
• D) $31.00

---

Definitions:

Standardized

Conforming to a uniform style, size, or quality, often to facilitate compatibility and interoperability among various products or processes.

Innovating Company

A company that introduces new ideas, products, or methods to improve or transform its business operations.

Absolute Advantage

The ability of a country to produce a specific good or service more efficiently than any rival.

Opportunity Cost

The cost of the next best alternative that is foregone when making a decision.