The Price of a Stock Increased from $32 to $38

question 19

Multiple Choice

The price of a stock increased from $32 to $38. Using phi, what are the primary and secondary support areas for the stock?

• A)$35.33; $33.67
• B)$33.67; $35.33
• C)$35.71; $34.29
• D)$38.14; $36.99
• E)$36.99; $38.14

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Definitions:

365-Day Year

A method used in various financial calculations that assumes a year consists of exactly 365 days.

Maturity Value

The total amount payable to the holder of a financial instrument at its maturity date, including principal and any accrued interest.

360-Day Year

An accounting convention that simplifies interest calculation by assuming all months have 30 days.

Maturity Date

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.