pay for one share of this stock?

What is the formula and step by step process? Thank you!!!

All this problem is REALLY asking is "What amount is $4.50 twelve percent of?", right?

So if you divide $4.50 by twelve (giving you one percent), then multiply that number by 100, you arrive at a price of $37.50 per share...

These problems can be solved by reading your text book. That's why you have one.

Wow! Sometimes college messes with your mind that the simple things seem abstruse. Thank you!

pay for one share of this stock?

What is the formula and step by step process? Thank you!!!