The stock couple recieved was $220 more than their initial value.
Step-by-step explanation:
Total number of shares recieved= 100
The initial worth of the stock= $ 27.50
Percentage rise in the price of stock= 8%
Hence increased price of the complete stock at the end of the year= Price increase of one stock* total number of stocks
Substituting the values-
Price increase of one stock= (8/100) *27.50
Price increase= $ 2.2
Net increase in worth of the stock= 2.2*100= $ 220
Hence, the stock was $ 220 more than the initial price.
