Average stock price

Question

Sandy bought 100,000 shares of stock at $1.50. The following week the price of the stock fell to $.75. How many shares of stock does Sandy need to buy to have an average price of $.75?

Answer 1

This is a case where you have to be very careful about the wording. The way the question is worded, the answer is simple: none. The stock is now worth 75 cents per share. Please check and contact me through WyzAnt if the question actually reads differently.