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Naldo Posted 12 years ago
Vocabulary
how do you pronounce $19 7/8 ?
How do you pronounce these two numbers?
$ 19 7/8 (7/8 was written in smaller letters)
$ 126.61
And how much is 19 7/8 dollars?
I am reading a novel and this number came.
Also, what does this sentence mean?
"The company issued 2,000,000 10-pence shares at one pound."
Does it mean the company is selling their bonds at one pound to public but it was actually 10 pence before?
$ 19 7/8 (7/8 was written in smaller letters)
$ 126.61
And how much is 19 7/8 dollars?
I am reading a novel and this number came.
Also, what does this sentence mean?
"The company issued 2,000,000 10-pence shares at one pound."
Does it mean the company is selling their bonds at one pound to public but it was actually 10 pence before?
Top answer
I am reading a novel and this number came. More context, please. This is not a normal expression for money.
- I am reading a novel and this number came.
- More context, please.
- This is not a normal expression for money.
- "Does it mean the company is selling their bonds at one pound to public but it was actually 10 pence before?
- They are not bonds; they are equity shares, I suppose.
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6 Answers
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naldoAnd how much is 19 7/8 dollars?I am reading a novel and this number came.More context, please. This is not a normal expression for money.
naldoThe company issued 2,000,000 10-pence shares at one pound."Does it mean the company is selling their bonds at one pound to public but it was actually 10 pence before?They are
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Thanks.
Here is the context:
"First, he cashed the check at a branch of the Morgan Bank on the southwest side of Wall Street, knowing that in his smart uniform as a messenger at the Ex-change he would easily pass as a carrier for some distinguished firm. He then returned to the Exchange and acquired from a floor broker 2,500 Standard Oil shares at $19 7/8, leaving himself $126.61 change af
Here is the context:
"First, he cashed the check at a branch of the Morgan Bank on the southwest side of Wall Street, knowing that in his smart uniform as a messenger at the Ex-change he would easily pass as a carrier for some distinguished firm. He then returned to the Exchange and acquired from a floor broker 2,500 Standard Oil shares at $19 7/8, leaving himself $126.61 change af
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naldocquired from a floor broker 2,500 Standard Oil shares at $19 7/8I see—that is a pricing used on the stock market: $19.875 ("nineteen point eight seven five") per share.
naldoIs reading nineteen seven slash eight dollars for $19 7/8I don't think so, though I don't frequent the stock exchange. I suspect "nineteen and
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I appreciate your kind answer! but I am a little bit confused on using point when reading numbers.
In the first number you used point but in the second number you didn't use it. Can you tell me why you read them differently?
Thank you as always!
In the first number you used point but in the second number you didn't use it. Can you tell me why you read them differently?
Thank you as always!
Mister Micawber $19.875 ("nineteen point eight seven five")
Mister Micawb
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naldoIn the first number you used point but in the second number you didn't use it. Can you tell me why you read them differently?As I hoped I had explained, we do not normally say 'point' when mentioning currency in everyday life. In a specialized use, as when a dollar is divided into unnatural units (the stock exchange's pricing system), we may say 'point
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naldo$ 19 7/8FYI. The decimalization of the stock market in the U.S. began in August, 2000. This is a share price quote from before that time.
See http://money.howstuffworks.com/personal-finance/financial-planni
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