How Many Round Lots Were Traded in a Specific Stock

question 2

Multiple Choice

How many round lots were traded in a specific stock on a day in which 467,800 shares changed hands?

• A)467.8 round lots
• B)4,678 round lots
• C)467,800 round lots
• D)Price must be known to determine round lots

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Definitions:

Agricultural Industry

The sector of the economy concerned with the production, processing, and distribution of food, fibers, and other goods from farming and livestock.

Price Inelasticity

Price inelasticity describes a situation where the demand for a product does not significantly change with a change in its price.

Agricultural Products

Goods derived from farming and agriculture, including crops, livestock, and products derived from them.

Fixed Costs

Costs that do not change with the level of output or activity; they remain constant regardless of business performance.