bubbles69
Answered

Three weeks ago John bought stock at 49 1/4; today the stock is valued at 49 7/8. We could say the stock is performing at which of the following?

AOn par
BPar equality
CAbove par
DBelow par

Verified Answer :

taskmasters

Rate at which John bought the stock 3 weeks ago = 49 1/4
                                                                                = 197/4
Rate at which John sold the stock today = 49 7/8
                                                                = 399/8
Amount of loss or gain made by John = (399/8) - (197/4)
                                                             = (399 - 394)/8
                                                             = 5/8
So, we can say that the stock performed a bit above par. the correct option is option "C".

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