If the Closing Price of Stock Y Was $38

question 55

Multiple Choice

If the closing price of Stock Y was $38.63 on Friday,which was after it had earned daily returns of 8 percent,23 percent,-30 percent,20 percent,and -5 percent during the week (Monday to Friday) ,what was the opening price of Stock Y on Monday?

• A) $17.47
• B) $17.75
• C) $33.00
• D) $36.44

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Definitions:

Induction

The process of introducing someone to a new job, position, or organization, including training and orientation.

AIDA Plan

A marketing model that outlines the process for achieving successful advertising or sales strategies, standing for Attention, Interest, Desire, and Action.

Benefit Them

To have a positive effect on someone or provide them with an advantage.

Desire

A strong feeling of wanting to have something or wishing for something to happen.