Reference no: EM132966218

During the past five years, Lennox invested $2,250 each year into their employer company OPQ Incorporated. The purchase price for these shares were $34 (year 1), $35 (year 2), $47 (year 3), $40 (year 4) and $46 (year 5).

Problem 1: How much has Lennox invested in OPQ shares?

Option 1: $11,000

Option 2: $11,250

Option 3: $12,500

Option 4: $11,500

Option 5: $10,500

Problem 2: How many shares (rounded down to the whole share) would Lennox have?

Option 1: 288

Option 2: 298

Option 3: 256

Option 4: 283

Option 5: 277