cindy2016
Answered

Ten weeks ago Jerry bought stock at 211

/2

; today the stock is valued at 203

/8

. We could say the stock

is performing at which of the following?

AOn par
BPar equality
CBelow par
DAbove par

Verified Answer :

W0lf93

Since 211/2 = 105.5 and 203/8 = 25.375, it is quite clear that Jerry has lost money on this stock. So the correct answer is C. Below par.

Answer:

(c) Below par

Step-by-step explanation:

Ratio at which stock is bought = 211/2

                                                   = 105.5

Therefore, the par value = 105.5

Recent ratio of stock = 203/8

                                   = 25.375

Value of stock today = 25.375

Since the ratio is decreased Hence, the value of stock is below par value.

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