188) |
If someone were to sell 3,500 shares in Hardlow plc, how many shares of Aurore could they buy
with the proceeds from that sale?
Correct answer: C
Explanation
Share price of Hardlow plc = 108 Therefore 3500 shares = 378,000 pence Share price of Aurore = 48.7
378,000 can purchase 378,000/48.7 shares of Aurore
= 7,761 shares.
|