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Nataliya [291]
3 years ago
5

Three weeks ago John bought stock at 49 1/4; today the stock is valued at 49 7/8. We could say the stock is performing at which

of the following?
A. Below par
B. Par equality
C. On par
D. Above par
Mathematics
2 answers:
Bad White [126]3 years ago
7 0

Answer:

The correct option is D.

Step-by-step explanation:

John bought stock at 49\frac{1}{4}; today the stock is valued at 49\frac{7}{8}.

49\frac{1}{4}=49+\frac{1}{4}

49\frac{1}{4}=49+0.25

49\frac{1}{4}=49.25

The value of stock at the time of purchasing is 49.25.

49\frac{7}{8}=49+\frac{7}{8}

49\frac{7}{8}=49+0.875

49\frac{7}{8}=49.875

The value of stock at current time is 49.875.

49.875-49.25=0.625

The value of stock increased by 0.625.

Since the value of stock increases, therefore the correct option is D, i.e., Above par.

Elanso [62]3 years ago
6 0
The best answer to the question that is being presented above would be letter D above par. The stock is performing at above par because there is an increase in the value of the stock by twenty nine percent (29%). 
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