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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Definitions:

Declarative

Pertaining to memories that can be consciously recalled, such as facts and events.

Memory

The cognitive process enabling humans and other animals to store, retain, and subsequently retrieve information.

Short-term Memory

The aptitude to keep a minor quantity of data immediately accessible and in an active status for a short time frame.

Capacity

The maximum amount that something can contain or produce.