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:

Ekman

Refers to Paul Ekman, a psychologist known for his research on the facial expressions and emotions.

Quasi-Courtship Behavior

Actions that resemble courtship but do not lead to a committed relationship, often used in flirting or social interactions.

Onomatopoeia

A word like hum, buzz, or snort that recreates a sound it represents.

Malapropism

Confusion of one word or phrase for another that sounds similar to it.