Price and Volume of Shares Traded of Salem Industries on Four

question 28

Multiple Choice

Price and volume of shares traded of Salem Industries on four consecutive days are shown below. $$\begin{array} { | l | l | l | l | } \hline\text { Monday } & \text { Tuesday } & \text { Wedriesday } & \text { Thursday } \\\hline \$ 27 & \$ 26 & \$ 28 & \$ 30 \\\hline 100,000 & 80,000 & 70,000 & 110,000 \\\hline\end{array}$$ Compute Salem's on balance volume at the end of Thursday's trading. Assume last Friday's closing price was $26.50. Start with a base of zero for on balance volume leading into Monday's trading day.

• A) 200,000
• B) -40,000
• C) 180,000
• D) 360,000