Use the Following Stock Quotes to Answer This Question

question 15

Multiple Choice

Use the following stock quotes to answer this question:

-Vivian purchased 700 shares of Aldridge,Inc.stock at what turns out to be the lowest price during the past year.How much has the value of her shares changed since she made this investment?

• A) -$4,970
• B) $60
• C) $1,950
• D) $420
• E) $5,390

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Definitions:

Active Markets

Markets where transactions for assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 1 Input

denotes the highest-quality and most transparent valuation inputs for financial reporting, such as quoted prices in active markets for identical assets or liabilities.

Trademarks

Signs, designs, or expressions that identify products or services of a particular source from those of others.

Primary Measurement

The initial quantification of financial transactions in terms of money, serving as the basis for further financial analysis and reporting.