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Basic Question 8 of 18
A stockbroker placed the following order:
100 shares of GTE preferred at $25 1/4 a share
20 shares of Boston Edison preferred at $9 1/8 a share
B. $103.5
C. Neither of these answers
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 mean price per share?
A. $25.25
B. $103.5
C. Neither of these answers
User Contributed Comments 6
| User | Comment |
|---|---|
| 2014 | Good question |
| deliawmx | Why not use all the decimal displays for the price per share? The fractions create confusion. |
| 012905nv | My thought too delia... like we time warped back to the 90's. |
| choas69 | this is super stupid to the point cfa wont think about doint it. because it aint logical. |
| isalya | Even answered right, the fraction got me. thought that one forth of a share costs 25 USD, so 1 share 100 USD |
| EEEEvia | I thought $25 for 1/4 share as well |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
calculate, interpret, and evaluate measures of central tendency and location to address an investment problem
CFA® 2024 Level I Curriculum, Volume 1, Module 3.