Answer:
The correct option is D.
Step-by-step explanation:
John bought stock at \(49\frac{1}{4}\); today the stock is valued at \(49\frac{7}{8}\).
\(49\frac{1}{4}=49+\frac{1}{4}\)
\(49\frac{1}{4}=49+0.25\)
\(49\frac{1}{4}=49.25\)
The value of stock at the time of purchasing is 49.25.
\(49\frac{7}{8}=49+\frac{7}{8}\)
\(49\frac{7}{8}=49+0.875\)
\(49\frac{7}{8}=49.875\)
The value of stock at current time is 49.875.
\(49.875-49.25=0.625\)
The value of stock increased by 0.625.
Since the value of stock increases, therefore the correct option is D, i.e., Above par.
