AMC Corp Had a Geometric Weekly Return of 5

question 66

Multiple Choice

AMC Corp had a geometric weekly return of 5.0% for this past week.The daily returns for Monday through Thursday are 4.0%, 3.0%, -7.0%, and 9.0%, respectively.If AMC's stock traded at $16.22 when the market closed on Friday, what is the opening price of the stock on Friday?

• A)$13.47
• B)$13.38
• C)$13.94
• D)$14.11

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