Answer:
=$7,780
Explanation:
Calculating Piper's total wealth from her investment
Piper purchase of Common Stock = 400 Shares
The market price of Rail Car Manufacturing Company= $19.45
The total wealth from her investment
= 400 shares x $19.45
=$7,780
The wealth from investment is usually calculated as the value of the shares bought in the company based on the current market price of that shares at the time they were bought.
