The Closing Stock Price of MNM Corporation for the Last $$\begin{array} { c c } \text { Day } & \text { Stock Price } \\1 & 84 \\2 & 87 \\3 & 84 \\4 & 88 \\5 & 85 \\6 & 90 \\7 & 91\end{array}$$

question 104

Multiple Choice

The closing stock price of MNM Corporation for the last 7 trading days is shown below. $$\begin{array} { c c } \text { Day } & \text { Stock Price } \\1 & 84 \\2 & 87 \\3 & 84 \\4 & 88 \\5 & 85 \\6 & 90 \\7 & 91\end{array}$$ The median is

• A) 84.
• B) 85.
• C) 86.
• D) 87.

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Definitions:

Financial Statements

Formal records that outline the financial activities and conditions of a business, individual, or other entity.

Plant and Equipment

Tangible long-term assets owned by a firm, used in the production or supply of goods and services, such as machinery and buildings.

Functional Currency

The primary currency used by a business or entity in its operations and financial reporting.

Translation Rate

The exchange rate used in translating the financial statements of a foreign entity into the functional currency for reporting purposes.