The cost of 900 shares would by $51,862 if the cost of each share is 57 5/8.
According to the given question.
The cost of each share is $57 5/8 or $461/8.
Therefore,
900 share would cost
= 900 × $461/8
= 900 × $57.625
= $51,862
Hence, the cost of 900 shares would by $51,862 if the cost of each share is 57 5/8.
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