A Stockbroker Placed the Following Order for a Customer: -50

question 179

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) $46.51
• E) Weighted mean cannot be computed for this data set.

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Definitions:

Crowdsourcing

The use of collective intelligence gathered from the public for accomplishing tasks, often by the use of social media.

In-house

Pertaining to activities or operations performed within an organization rather than outsourced.

Creative Innovation

The process of introducing novel and original ideas or methods that result in significant improvements or advancements.

Knowledge Management

The systematic process of creating, sharing, using, and managing the knowledge and information of an organization.