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Paul would like to spend $700 on a vacation. He will sell some of his stock to pay for the vacation. If the stock is worth $32 per share, how many shares will Paul need to sell?

Verified Answer :

jeancope78

700/32 = 21.875

He'd have to sell approximately 22 shares to have enough to pay for his vacation.

Answer:

Paul need to sell 22 shares for his vacation.

Step-by-step explanation:

Paul would like to spend $700 on a vacation.

The value of each stock = $32

Paul needs for his vacation = $700

Paul needs to sell his stock of shares = 700 ÷ 32 = 21.875

Paul needs to sell approximately 22 shares to spend his vacations.

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