The Closing Price of a Stock Is Quoted at 22

question 16

Multiple Choice

The closing price of a stock is quoted at 22.87,with a P/E of 26 and a net change of 1.42. Based on this information,which one of the following statements is correct?

• A) The closing price on the previous day was $1.42 higher than today's closing price.
• B) A dealer will buy the stock at $22.87 and sell it at $26 a share.
• C) The stock increased in value between yesterday's close and today's close by $.0142.
• D) The earnings per share are equal to 1/26^th of $22.87.
• E) The earnings per share have increased by $1.42 this year.

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Definitions:

Court Proceedings

The process of adjudicating legal disputes and administering justice through formal sessions in a court of law.

Voir Dire

Voir dire is a legal process in which attorneys question prospective jurors to determine any biases or inability to serve impartially in a jury.

Objection

A legal term referring to a statement by an attorney during a trial, disagreeing with a method or evidence presented by the opposition.

In Limine

A legal term referring to a procedural motion made to the court, typically before a trial begins, to request that certain evidence be deemed inadmissible or not shown to the jury.