The Price of a Stock Increased from $32 to $36

question 76

Multiple Choice

The price of a stock increased from $32 to $36. Using phi, what are the primary and secondary support areas for the stock?

• A) 32.18; 30.81
• B) 32.18; 33.53
• C) 34.47; 31.40
• D) 34.47; 33.53
• E) 35.14; 33.72

---

Definitions:

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.

Principal Repayment

The portion of a loan payment that goes toward reducing the amount borrowed, not including interest.

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Withheld

The portion of an employee's income that an employer retains as mandated by law or agreement, typically for taxes or other deductions.