Emilyalannah
Answered

Ten weeks ago Jerry bought stock at 211/2; today the stock is valued at 203/8. We could say the stock is performing at which of the following?

       A. Par equality   B. On par   C. Above par   D. Below par

Verified Answer :

RyanGuevara

Hey, The correct answer for the question that is being presented above is this one: "C. Below par." Ten weeks ago Jerry bought stock at 211/2; today the stock is valued at 203/8. We could say the stock is performing at Below par

Answer:

(D)  Below par

Step-by-step explanation:

Value of the stock ten weeks ago = 211/2

                                                        = 105.5

Value of the stock today = 203/8

                                         = 25.375

The value of stock today is less than the value it had ten weeks ago. The par value is the value of the stock ten years ago.

Hence, the value of the stock today is below par.

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