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Three weeks ago John bought stock at 491/4; today the stock is valued at 497/8. We could say the stock is performing at which of the following? A. On par B. Par equality C. Above par D. Below par
Three weeks ago John bought stock at 491/4; today the stock is valued at 497/8. The stock is performing at Above Par.
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Asked 11/4/2018 5:30:20 PM
Updated 82 days ago|5/25/2020 10:04:48 AM
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Three weeks ago John bought stock at 491/4; today the stock is valued at 497/8. The stock is performing at Above Par.

Added 82 days ago|5/25/2020 10:04:48 AM
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Questions asked by the same visitor
A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4, which one of the following statements would be true? A. You'll make a profit of $15. B. You'll suffer a loss of $150. C. You'll suffer a loss of $15. D. You'll make a profit of $150.
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Updated 82 days ago|5/25/2020 10:05:37 AM
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A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4. Profit = 25 1/4 = 20 1/4 = 101/4 - 81/ 4 = (20/4) = 5. [ Number of share = 30 , Total Profit = 30 *5 = $150. You'll make a profit of $150. ]
Added 82 days ago|5/25/2020 10:05:37 AM
This answer has been confirmed as correct and helpful.
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