$\begin{array}{|r|}\hline\$ 5.67 \\\hline \$ 9.99 \\\hline \$ 10.11 \\\hline \$ 2.56 \\\hline \$ 5.33\\\hline\end{array}$

question 10

Multiple Choice

$\begin{array}{|r|}\hline\$ 5.67 \\\hline \$ 9.99 \\\hline \$ 10.11 \\\hline \$ 2.56 \\\hline \$ 5.33\\\hline\end{array}$
-You are told that the prices in the table above are from yesterday's price quote for LOL. They represent the daily high, daily low, close, 52 week high and 52 week low but are mixed-up and out of order. Which one MUST be yesterday's low price?

• A) $5.67
• B) $9.99
• C) $10.11
• D) $2.56
• E) $5.33

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Definitions:

Trading Position

A trading position is the stance an investor takes on the expected future performance of a financial instrument, reflected through either holding or trading the instrument.

Rate of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.

Invested

The act of allocating resources, typically money, into something with the expectation of generating income or profit, such as stocks, bonds, real estate, or a business venture.

Balance of Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports over a given period, indicating a positive balance of trade.