If the Average Cost of a Stock Is $91

question 3

Multiple Choice

If the average cost of a stock is $91.86 as determined by dollar cost averaging,which of the following is true?

• A)You would lose money only if you sold your stock at less than $91.86.
• B)You would gain money only if you sold your stock at less than $91.86.
• C)You would lose money only if you purchased additional stock at greater than $91.86.
• D)You would gain money only if you purchased additional stock at greater than $91.86.
• E)You would not lose nor gain money regardless of the average cost of the stock.

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Definitions:

Promissory Estoppel

A legal concept that bars a person from canceling a promise made to someone else if that individual has sensibly relied on the promise to their misfortune.

Contract

A contract between two or more parties that is recognized and enforceable under the law.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Extra Vacation Week

An additional week of vacation granted beyond the standard allocated time, often as a benefit or reward.