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Your stockbroker executed the following trades for your account: • 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 Based on this information, the weighted arithmetic mean price per share is?

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Answer:

$46.51

Explanation:

The weighted arithmetic mean can be defined as:

[tex]M = \frac{n1P1 + n2P2 +n3P3}{n1 +n2+n3}[/tex]

Where n is the number of shares and P is the share price, then:

[tex]M= \frac{50*104 + 100*25.25+ 20*9.125}{50+100+20} \\ M= \frac{7907.5}{170}\\M= 46.514[/tex]

Based on this, the weighted arithmetic mean price per share is $46.51

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