The Closing Price of a Stock Is Quoted at 22

question 16

Multiple Choice

The closing price of a stock is quoted at 22.87,with a P/E of 26 and a net change of 1.42. Based on this information,which one of the following statements is correct?

• A) The closing price on the previous day was $1.42 higher than today's closing price.
• B) A dealer will buy the stock at $22.87 and sell it at $26 a share.
• C) The stock increased in value between yesterday's close and today's close by $.0142.
• D) The earnings per share are equal to 1/26^th of $22.87.
• E) The earnings per share have increased by $1.42 this year.

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Definitions:

Mentoring

A development relationship where a more experienced individual guides a less experienced person.

Cross-Race Mentoring

Mentorship relationships where the mentor and the mentee are from different racial or ethnic backgrounds, aiming to provide diverse perspectives and understanding.

Psychosocial Function

The interaction between social factors and individual thoughts and behaviors, and how these influence overall mental health and wellbeing.

Debasement

The act of reducing the quality or value of something, often through demeaning or depreciative actions.