Math Question on stock

Question

I'm being asked to calculate how much a stock would be worth based on the amount of shares for a given price.

So, let's say Tom purchases 12 shares from Colgate at $5 per share. So it would be $60 worth in the total amount of shares. How much would those shares be worth if it increased from $5 to $12?

Do you multiply the $60 by $12 which would mean his overall shares would be worth $720?

Thanks again

Answer 1

Nope, the number of shares he hold is still 12 shares.

Provided that the number of shares do not change, then the value of his shares would be 12 * 12 = $ 144