If the Closing Price of Stock Y Was $38

question 107

Multiple Choice

If the closing price of Stock Y was $38.63 on Friday, which was after it had earned daily returns of 8.0%, 23.0%, -30.0%, 20.0%, and -5.0% during the week (Monday to Friday) , what was the opening price of Stock Y on Monday?

• A)$17.47
• B)$17.75
• C)$33.00
• D)$36.44

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