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26 May, 03:03

Jewel, Tracy, and Sam are friends who jointly own 14 of AB PLC total outstanding shares. AB PLC has a total of 100,000 shares outstanding, and the current share price is $5. At the end of the year, the company's total earnings were $250,000. What is the total value of the shares held by the three friends?

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  1. 26 May, 03:24
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    100,000x5=500,000

    500,000+250,000=750,000/100,000=7.5

    5.0x14 = $70

    7.5x14 = $105

    They got $35
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