AMC Corp Had a Geometric Weekly Return of 5% for This

question 85

Multiple Choice

AMC Corp had a geometric weekly return of 5% for this past week.The daily returns for Monday through Thursday are 4 percent,3 percent,-7 percent,and 9 percent,respectively.If AMC's stock traded at $16.22 when the market closed on Friday,what is the opening price of the stock on Friday?

• A) $13.47
• B) $13.38
• C) $13.94
• D) $14.11

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Definitions:

Government Corporation

A legal entity created by a government to undertake commercial activities on its behalf.

Federal Bureaucrats

Government officials and employees working within the agencies of the federal government, often non-elected positions responsible for implementing policies.

Clean Air Act

The Clean Air Act is a comprehensive federal law in the United States that regulates air emissions from stationary and mobile sources to protect public health and the environment.

Bureau-Level Agency

A specific tier within a federal department focused on a particular area of administration or regulation.